Binance, the world’s largest cryptocurrency exchange, has resumed services for Indian users after a seven-month suspension. The pause was due to regulatory issues, with Indian authorities accusing the platform of operating illegally. Binance has now registered as a reporting entity with India’s Financial Intelligence Unit (FIU), a move that ensures compliance with local anti-money laundering and anti-terrorism financing laws.

The exchange’s return marks a significant step for the Indian crypto market, with Binance emphasizing its commitment to adhering to Indian regulations. Richard Teng, CEO of Binance, stated that this compliance allows the platform to better serve Indian users and contribute to the country’s evolving digital asset landscape. As Binance’s website and apps are now operational in India, this development signals a positive shift for the local cryptocurrency community.

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