Binance fined for $2.2 Million by Indian Authorities
Major Penalty for Non-Compliance India’s Financial Intelligence Unit (FIU) has fined Binance, the world’s largest cryptocurrency exchange, approximately $2.2 million (18.82 crore INR). The penalty was imposed for providing services to Indian clients without adhering to the nation’s anti-money laundering rules. This enforcement action was announced on Thursday. Key Points: Showcause Notices and Initial Ban …
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