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Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations

CryptoExpert by CryptoExpert
June 23, 2024
in Business
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Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations
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India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges. This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao […]



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