India, a significant player in the global financial landscape, has embarked on a journey to fortify its regulatory oversight of the burgeoning cryptocurrency market. Recent developments have underscored the country’s commitment to fostering transparency, combating illicit activities, and promoting sustainable growth in the crypto sector.

A recent announcement from a senior official within India’s Ministry of Finance has brought attention to the registration of two prominent cryptocurrency exchanges, Binance and KuCoin, with India’s Financial Intelligence Unit (FIU).&middot

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