Binance, the biggest crypto exchange, is now officially registered with the Financial Intelligence Unit in India (FIU-IND).

This happened after nine other exchanges were shut down for not following rules about stopping illegal money activities.

But, this registration is just the start. Binance still has to do more to follow all the rules.

They can't start working in India until they finish all the needed steps. Also, they might have to pay a fine, but how much isn't decided yet.