The world's largest cryptocurrency exchange Binance has registered with the Financial Intelligence Unit of India.

The world's largest cryptocurrency exchange Binance has registered with the Financial Intelligence Unit of India

The exchange intends to restart its operations in this country.

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TA senior official of the Financial Intelligence Unit (FIU) gave this information.

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The exchange was barred from trading in India in December. This action was taken in case of non-compliance of local law.

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The financial regulator had taken action against offshore crypto exchanges that were operating in India without registration.

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Virtual Get App Digital asset service providers, such as crypto exchanges, are required to register with the FIU to commence operations in India.

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Additionally, there is a need to ensure compliance with the provisions of the anti-money laundering laws of the country.

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