In a significant move FIU has imposed a fine of INR 18.82 crore on Binance for PMLA Violations. Financial Intelligence Unit (FIU) take this action against Binance due to failures in complying multiple provisions of PMLA, 2002. FIU’s Notification According to a notification issued by the FIU, Binance has been found guilty of violating multiple […]

Recently a news got viral in Indian Fintech market that Binance stops cash payments for P2P trades in India due to laws and regulations. Binance, one of the world’s leading cryptocurrency exchanges, has recently announced the discontinuation of cash payments for peer-to-peer (P2P) trades in India. This move has significant implications for the Indian crypto […]