Overview

• 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.