Binance registered with Indian FIU

Indian government had blog 9 international crypto exchanges URL in the month of December last year and since then users have been struggling to access the website changes. Money people were using those international exchange is and because the URL for not working anymore so it was a big challenge for many users especially for the ones who were holding big amount in the exchange wallet.

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One of the exchange called Ku coin is already registered in India as per the FIU norms. Now there is another exchange which is also registered with financial intelligence unit in India and this is called Binance.

It must be a good news for the Indian you just because not there will be able to exchange through legit way and they do not need to go through the VPN process which is not recommended to follow anyways. This is not recommended to follow because exchange itself identify those login as suspicious and might block the account access.

Binance, the world's largest cryptocurrency exchange, has registered with India's Financial Intelligence Unit (FIU), a senior FIU official said on Friday, as the exchange seeks to resume operations in the country.

India is a bigger market for Crypto companies and this is why they do not want to lose this market because it is even growing faster in the market is not really in the bull cycle. Because the exchange is registered in India so it will be following all the guidelines and tax deduction will also be happening as per the rules so it may be slightly difficult situation far many users now..

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