Binance restarts services in India after seven-month regulatory halt
Binance has resumed operations in India after registering with the Financial Intelligence Unit following a seven-month ban.
MAIN POINTS
- Binance is the world's largest cryptocurrency exchange.
- Operations in India were halted for seven months due to local authority restrictions.
- Binance registered with India's Financial Intelligence Unit to comply with regulations.
TAKEAWAYS
- Binance is now a reporting entity with India's Financial Intelligence Unit.
- The registration allows Binance to legally operate in India again.
- The seven-month hiatus was due to allegations of illegal operations.