Binance returns to India after seven months, website and apps go live

World’s largest crypto exchange Binance gets registered with FIU-IND, calls it its “19th global regulatory milestone."

World’s largest crypto exchange Binance is back with a bang in India, as its website and app go live following nearly seven months of ban for not registering with the Financial Intelligence Unit in India (FIU-IND).

The exchange announced the same on August 15, adding that this marks its 19th global regulatory milestone and its commitment to compliance with anti-money laundering (AML) standards in India as well as any other jurisdiction it operates in.

Richard Teng, CEO of Binance, said, “Our registration with the FIU-IND marks an important milestone in Binance’s journey. Recognizing the vitality and potential of the Indian VDA market, this alignment with Indian regulations allows us to tailor our services to the needs of Indian users. It is a privilege to extend the reach of our cutting-edge platform to this thriving market, supporting India’s continued VDA evolution.”

Binance in its statement highlighted that “India leads the world in grassroots crypto adoption, according to Chainalysis’ 2023 Global Crypto Adoption Index.”