Binance completes registration in India, achieving the 19th regulatory milestone globally

ChainCatcher news, Binance announced that it has registered as a reporting entity with the Financial Intelligence Unit of India (FIU-IND). This achievement marks the 19th milestone for Binance in terms of global regulatory compliance. The registration with the Financial Intelligence Unit of India underscores Binance's commitment to adhering to anti-money laundering (AML) standards in India and other jurisdictions where it operates.

According to Chainalysis data, India ranks among the top five in estimated trading volumes across centralized and decentralized exchanges, lending protocols, and token smart contracts. Currently, Binance's website and app are fully accessible to users in India, providing them with a complete suite of services and tools tailored to their needs.

Binance CEO Richard Teng stated, "Our registration with the Financial Intelligence Unit of India marks an important milestone in Binance's journey of growth. We recognize the vibrancy and potential of the Indian virtual digital asset market, and this collaboration with Indian regulators enables us to offer customized services to Indian users. We are honored to expand our leading platform into this thriving market and support the continued development of the Indian virtual digital asset market."