Here’s How Binance Entered India

Krutika Adani

Binance has re-entered Indian markets after paying $2 million in penalty.

The largest crypto exchange has also agreed to comply with India’s PMLA rules.

Binance was under a shadow ban in the country following lack of a proper response to the Financial Investigation Unit.

Its URL was blocked in the country and its app was removed from the Apple App store and Google Play Store.

Prior to the ban, Binance was the largest crypto exchange in India.