After being removed from India several months ago, cryptocurrency exchange Binance is looking to make a comeback by paying a $2 million fine, according to a report from the Economic Times. Earlier this year, Binance, along with several other exchanges, were removed from the Apple Store in India after receiving compliance show cause notices from India’s Financial Intelligence Unit (FIU). Other firms such as OKX, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex were also issued notices at the same time. Once Binance pays the fine, it will be able to operate in India as a registered firm with the FIU, as reported by sources familiar with the situation. The report also mentioned that it is regrettable that Binance took over two years to realize that special treatment is not granted in the financial sector, especially when it compromises the country's financial system. Binance did not provide a response to earlier inquiries from CoinDesk, and the FIU has not yet commented on the matter. UPDATE: Binance's response has been added in the sixth paragraph.

Last edited at：2024/12/16