Binance and KuCoin Secure Registration with India's Financial Watchdog

The cryptocurrency exchanges have met regulatory requirements to operate in India, though Binance awaits a penalty decision.

Binance and KuCoin, previously banned for non-compliance, now registered with India's Financial Intelligence Unit.
KuCoin has resumed operations after settling a fine, while Binance's penalty remains undetermined.
The registration is part of India's broader crackdown on unregistered offshore crypto exchanges.
Several other banned platforms are negotiating or planning exits, reflecting tightening regulations.
The move underscores the increasing global scrutiny on cryptocurrency operations and compliance.