🚀Big news from the crypto world! Binance and KuCoin, two of the world's largest cryptocurrency exchanges, have registered with India's Financial Intelligence Unit (FIU), marking the first time offshore crypto entities have been approved by the country's anti-money laundering unit. 🇮🇳
KuCoin has already paid a $41,000 fine and resumed operations. Binance, however, is still in the throes of compliance proceedings and its financial penalty is yet to be determined.
This comes after India banned more than 9 offshore entities, including Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.
What do you think this means for the future of crypto in India? 🤔 Let's discuss in the comments! #CryptoNews #Binance #KuCoin