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India

Binance poised to make a comeback in India after settling a $2 million penalty

After settling a fine of approximately $2 million, Binance, the largest cryptocurrency exchange globally, which had been prohibited from operating in India, is now prepared to make a comeback.  Binance is set to be the second cryptocurrency exchange from overseas which marks a return to the country after KuCoin after India’s financial regulatory authority restricted…

cryptocurrencies
Crypto regulations

FIU’s Notice Against Foreign Crypto Exchanges Sparks Surge in Deposits in India

The cryptocurrency market is shambling due to legal notices sent to some leading crypto exchange platforms by FIU (Financial Intelligence Unit India). According to CoinDCX, within a week of the notice being issued, they have observed an increase of 2,000% in cryptocurrency deposits. On the other hand, Mudrex has recorded deposits worth over $1 million…