India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers
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Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s anti-money laundering regulations. Kucoin and Binance Registered With FIU India The Financial Intelligence Unit – India […]
India’s Financial Intelligence Unit (FIU-India) is reviewing applications from four offshore cryptocurrency exchanges seeking permission to resume operations by March 2025. This move follows the recent lifting of bans on Binance and Kucoin. The review process is aimed at making sure such exchanges are following AML standards regarding transactions and…
In a groundbreaking move, Binance and KuCoin, two titans of the cryptocurrency exchange world, have officially registered with India’s Financial Intelligence Unit (FIU). This marks a significant milestone as they become the first international crypto platforms to receive approval from India’s anti-money laundering authority. This development positions both exchanges to…