Binance, banned by the Indian government in January, is looking to resume its operations in the country by paying a penalty of around $2 Mn. The cryptocurrency exchange plans to re-establish its presence in India as an entity registered with the Financial Intelligence Unit (FIU) of the finance ministry, ET reported. The FIU oversees trade in virtual digital assets (VDA). Binance has committed to follow all the relevant laws, including the Prevention of Money Laundering Act (PMLA) and the VDA taxation framework, which it had been sloppily flouting until now. Officials told ET that India’s position has consistently been transparent to all global cryptocurrency exchanges: adhere to all laws to maintain operations within India.
LIVE
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,808.00
▼ -0.10%
ETH
$1,912.63
▼ -0.30%
USDT
$0.999397
▲ +0.00%
BNB
$591.87
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.48
▼ -0.20%
TRX
$0.327112
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.24
▼ -4.00%
DOGE
$0.069729
▲ +0.40%
USDS
$0.999935
▲ +0.00%
RAIN
$0.012717
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$512.43
▲ +3.10%
ADA
$0.198285
▼ -4.40%
XMR
$370.20
▲ +1.50%
WBT
$56.07
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.161088
▼ -1.20%
DAI
$0.999932
▲ +0.00%
BCH
$215.19
▲ +0.10%
USD1
$0.999706
▲ +0.00%
USDE
$0.999744
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,808.00
▼ -0.10%
ETH
$1,912.63
▼ -0.30%
USDT
$0.999397
▲ +0.00%
BNB
$591.87
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.48
▼ -0.20%
TRX
$0.327112
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.24
▼ -4.00%
DOGE
$0.069729
▲ +0.40%
USDS
$0.999935
▲ +0.00%
RAIN
$0.012717
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$512.43
▲ +3.10%
ADA
$0.198285
▼ -4.40%
XMR
$370.20
▲ +1.50%
WBT
$56.07
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.161088
▼ -1.20%
DAI
$0.999932
▲ +0.00%
BCH
$215.19
▲ +0.10%
USD1
$0.999706
▲ +0.00%
USDE
$0.999744
▲ +0.00%
GRAM
$1.35
▼ -2.40%
BTC
$64,808.00
▼ -0.10%
ETH
$1,912.63
▼ -0.30%
USDT
$0.999397
▲ +0.00%
BNB
$591.87
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.48
▼ -0.20%
TRX
$0.327112
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.24
▼ -4.00%
DOGE
$0.069729
▲ +0.40%
USDS
$0.999935
▲ +0.00%
RAIN
$0.012717
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$512.43
▲ +3.10%
ADA
$0.198285
▼ -4.40%
XMR
$370.20
▲ +1.50%
WBT
$56.07
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.161088
▼ -1.20%
DAI
$0.999932
▲ +0.00%
BCH
$215.19
▲ +0.10%
USD1
$0.999706
▲ +0.00%
USDE
$0.999744
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,808.00
▼ -0.10%
ETH
$1,912.63
▼ -0.30%
USDT
$0.999397
▲ +0.00%
BNB
$591.87
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.02
▼ -2.90%
SOL
$73.48
▼ -0.20%
TRX
$0.327112
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.24
▼ -4.00%
DOGE
$0.069729
▲ +0.40%
USDS
$0.999935
▲ +0.00%
RAIN
$0.012717
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$512.43
▲ +3.10%
ADA
$0.198285
▼ -4.40%
XMR
$370.20
▲ +1.50%
WBT
$56.07
▼ -0.20%
LINK
$8.20
▼ -0.80%
XLM
$0.161088
▼ -1.20%
DAI
$0.999932
▲ +0.00%
BCH
$215.19
▲ +0.10%
USD1
$0.999706
▲ +0.00%
USDE
$0.999744
▲ +0.00%
GRAM
$1.35
▼ -2.40%
