KuCoin Token

iBNB

<ul><li>KuCoin, already fined $41,000, leads in aligning with India&#39;s AML norms; Binance awaits a hearing for its compliance penalty.</li><li>Establishing a local team in India, KuCoin seeks banking partnerships to integrate with the country&#39;s financial system.</li><li>The CEO of KuCoin highlights the shift from disorder to order in the crypto industry amid intensified global regulatory scrutiny.</li></ul>Binance and KuCoin, two of the world&#39;s largest cryptocurrency exchanges, have officially registered with India&#39;s Financial Intelligence Unit (FIU). This marks the first instance where offshore crypto entities have gained approval from the country&#39;s anti-money laundering unit, a move seen as a milestone in regulatory compliance.KuCoin has already paid a fine of $41,000 as part of the registration process. Meanwhile, Binance is awaiting a final decision on its financial penalty, pending a hearing with the FIU. This development <a href="https://cryptotale.org/a-glance-into-indias-crypto-trading-and-officially-approved-exchanges/" rel="noopener noreferrer nofollow">follows</a> a turbulent period where more than nine offshore crypto exchanges, including Huobi, Kraken, and Bitfinex, were banned by India due to non-compliance with local regulations.Earlier this year, KuCoin took proactive steps by <a href="https://www.prnewswire.co.uk/news-releases/kucoin-pioneers-as-the-first-fiu-compliant-global-crypto-exchange-in-india-302097402.html" rel="noopener noreferrer nofollow">registering</a> with FIU-India in March, swiftly aligning itself with the country’s stringent anti-money laundering norms. This action positioned KuCoin as one of the first foreign exchanges to comply fully with Indian regulations.<a href="https://cryptotale.org/binance-and-kucoin-secure-registration-with-indias-financial-intelligence-unit/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Binance and KuCoin Secure Registration with India's Financial Intelligence Unit

CryptoTale

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