AMAZING! 🔥 IS BINANCE BACK TO INDIA FOR REAL? 🤔 What's Gonna Happen? 👇
Binance is set to restart its operations in India after reaching an agreement with Indian regulators. This includes a $2 million penalty and the registration with India’s financial intelligence unit. As a consequence, Binance will regain its presence in a very profitable market. In fact, it will strength its position in India while implementing localized payment methods. You should know, that before the ban, Binance accounted for over 90% of India's crypto trading volume. It took more than two years to comply with this India regulation! 🤯
In my opinion, the alignment with Indian regulations will serve to Binance as a model for entering / re-entering other markets with strict regulations. In the meantime, Binance will lead the next phase of crypto adoption in India. Thus, I do feel that's a bullish new with consequences on BNB!
STAY TUNED! 💪 DYOR. 🙏 NFA. 🤝
