Binance Restarts India Business After Getting Local Registration
- India had clamped down on nine offshore crypto exchanges
- The FIU required offshore operators to register locally
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Binance and other global crypto exchanges have begun restarting operations in India, which banished them late last year for not having registered with authorities.
Binance, which operates the world’s biggest exchange, said Thursday that its website and app are back online in India after it registered with the Financial Intelligence Unit in May. KuCoin, headquartered in Seychelles, restarted its business in India in April after registering with the FIU, a spokesperson said.