- Binance Registration in India
- Significance of the Registration for the Market
- CEO's Commentary on the Registration
Binance has completed another important regulatory milestone by registering with the Financial Intelligence Unit of India (FIU-IND).
Binance Registration in India
This achievement marks the 19th regulatory approval for the cryptocurrency exchange on a global scale and further demonstrates its commitment to adhering to anti-money laundering (AML) standards.
Significance of the Registration for the Market
This move is in line with Binance’s strategy to expand responsibly and contribute to the development of digital assets while raising local market standards and enhancing user protections. With this registration, Binance's website and app are now fully accessible to Indian users, offering them a comprehensive range of services and tools tailored to their needs.
CEO's Commentary on the Registration
Binance CEO Richard Teng said: 'Our registration with FIU-IND marks a significant milestone in Binance’s journey. Recognizing the vibrancy and potential of the Indian VDA market, this alignment with Indian regulations allows us to tailor our services to the needs of Indian users. It is our privilege to support India’s continuing VDA evolution by expanding the reach of our cutting-edge platform to this evolving market.'
The successful registration with FIU-IND underscores Binance’s ongoing efforts to meet the highest regulatory standards and ensures that its operations in India are fully compliant with local AML regulations. This milestone reinforces Binance's global commitment to developing a secure and transparent ecosystem for digital assets.
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