Binance has paid a $2.25 million fine and announced that its platform is now fully accessible to Indian users, writes RBC Crypto with reference to The BlockThe crypto exchange has been blocked in India since the beginning of this year.
In January, India’s Financial Intelligence Unit (FIU) blocked several cryptocurrency service websites, including Binance, for illegal operations and non-compliance with local regulations. In June, the FIU ordered Binance to pay a fine of 188.2 million Indian rupees ($2.25 million).
Binance confirmed to reporters that the fine had been paid. The platform also published messagewhich has registered as a “reporting entity” with the FIU and is now officially allowed to operate in India.
The rate of the platform’s native cryptocurrency BNB (BNB) did not react to the news. The asset is trading around $519, repeating the general market movements. Over the past day, it has fallen slightly less than the leading coins – by 1.5%. Bitcoin and Ethereum – by 4.3% and 4.2%, respectively.
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Source: Cryptocurrency
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