📢 India is tightening its grip on crypto exchanges! The Financial Intelligence Unit (FIU) has granted Binance and KuCoin, two major offshore exchanges, the status of Virtual Asset Service Providers (VASPs) in India. 🇮🇳 This move is part of a broader effort to enforce Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines. KuCoin has resolved previous non-compliances with a $41,000 penalty, and Binance is expected to pay a $2 million fine. Both are now registered under FIU-IND, which oversees the trading of virtual digital assets (VDAs) in India. What are your thoughts on these new regulations? 💭👇