Binance Resumes Operations in India After Regulatory Approval

The cryptocurrency exchange settles fines and complies with local regulations to restart services after a seven-month halt.

Binance paid a $2.25 million fine to India's Financial Intelligence Unit (FIU) for previous non-compliance.
The exchange's website and app are now fully accessible to Indian users.
India's FIU had banned Binance and other exchanges for failing to register and comply with anti-money laundering regulations.
Binance's registration with FIU-IND marks its 19th regulatory milestone globally.
The company faces additional challenges, including a recent $86 million tax notice from Indian authorities.