Coin

<ul class="news-points wp-block-list" "wp-block-list"> 
 <li>Binance agrees to pay a $1.75 million fine in Brazil.</li> 
 <li>The crypto exchange pledges to comply with Brazil’s regulatory conditions.</li> 
 <li>Binance gets reactivated in India after settling a $2.25 million penalty.</li> 
</ul> 
The four-year regulatory challenge Binance faced in Brazil seems to end following the crypto exchange’s<a href="https://x.com/BSCNews/status/1823831742652014799" target="_blank" rel="nofollow"> agreement</a> to pay a 9.6 million reais fine, equivalent to $1.75 million, enacted by the Brazilian Securities and Exchange Commission (CVM). The CVM accused Binance in 2020 of providing derivative products with appropriate registration.&nbsp; 
Notably, Binance’s agreement to pay a $1.75 million fine in Brazil comes with a pledge by the crypto exchange to abide by the country’s laws. Hence, Binance will not act as a securities intermediary in Brazil without appropriate permission. Nonetheless, Binance claims it has complied with the CVM’s regulatory requirements since 2020. 
Despite Binance’s agreement to pay the fine and comply with regulatory requirements, the CVM continues to restrict the crypto exchange from providing derivative products in Brazil, a condition that Binance agrees to comply with. However, the exchange noted it is comfortable with the…
The post <a href="https://coinedition.com/binance-clears-regulatory-baggage-in-brazil-and-india/">Binance Clears Regulatory Baggage in Brazil and India</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance Clears Regulatory Baggage in Brazil and India

Coin Edition

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