Binance Fined $2.2 Million by India for AML Violations Amid Regulatory Crackdown

India’s Financial Intelligence Unit (FIU) has imposed a penalty on Binance for not adhering to the country’s AML regulations. This action underscores India’s increasingly rigorous regulatory scrutiny of cryptocurrency exchanges. An official statement highlighted the non-compliance issues, detailing the rationale behind the penalty. India has taken a firm stance on cryptocurrency regulation, culminating in a

Source: CoinOtag