Binance, the global cryptocurrency exchange, has recently received approval from the Financial Intelligence Unit (FIU) in India, allowing it to offer services in the country. This development positions Binance as the second offshore crypto exchange to receive such regulatory approval, following KuCoin. In a CoinDesk report, FIU head Vivek Agarwal stated, “Binance is now a registered entity.” The approval comes after Binance, along with KuCoin and other major exchanges like Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, were issued non-compliance notices by Indian authorities in December 2023. The Indian Finance Ministry had subsequently directed its IT department to
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