Binance Could Come Back to India by Paying $2M Fine: Report
Summary
Cryptocurrency exchange Binance is planning to re-enter the Indian market by paying a $2 million fine. Earlier this year, Binance and several other exchanges were removed from the Apple Store in India following compliance show cause notices from India's Financial Intelligence Unit (FIU). After paying the fine, Binance will return as an FIU-registered firm. The move comes after Binance reportedly realized that no global powerhouse can command special treatment, particularly at the risk of exposing the country's financial system to vulnerabilities.
