Binance Set to Return to Indian Crypto Market

IndustryTrends

Binance, faced Indian restrictions for non-compliance with regulatory measures.

Indian users resorted to unethical VPN use to access Binance amidst restrictions.

Binance reportedly agreed to a $2 million penalty and pledged compliance with Indian regulations.

Negotiations between Binance and Indian authorities suggest ongoing efforts to resolve compliance issues.

KuCoin's compliance efforts set a precedent for foreign exchanges in India by securing registration and implementing taxation frameworks.

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