Secure

Coin

<ul class="news-points"> 
 <li>Binance’s compliance status remains uncertain pending a hearing with FIU-IND.</li> 
 <li>KuCoin and Binance are working towards compliance with India’s anti-money laundering regulations.</li> 
 <li>Indian authorities are tightening regulations, leading some exchanges to exit the market while others negotiate compliance.</li> 
</ul> 
<a href="https://coinedition.com/kucoin-strengthens-security-with-bugcrowd-partnership-to-launch-bug-bounty-program/?utm_source=telegram_channel&amp;utm_medium=referral">KuCoin </a>and Binance, both offshore exchanges, have made substantial progress in aligning with the nation’s anti-money laundering regulations. After facing months of prohibition over accusations of illegal operations, both platforms have initiated efforts to resolve their status with the Financial Intelligence Unit (<a href="https://fiuindia.gov.in/" target="_blank" rel="nofollow">FIU-IND</a>), a critical division operating under the Finance Ministry’s jurisdiction. 
KuCoin has already navigated the regulatory maze by paying a substantial penalty of $41,000. This move has facilitated the resumption of its operations within the Indian market.&nbsp; 
However, <a href="https://coinedition.com/binance-returns-to-india-with-2-billion-penalty/?utm_source=telegram_channel&amp;utm_medium=referral">Binance</a>, touted as the world’s largest cryptocurrency exchange, remains in limbo pending a conclusive hearing with the FIU-IND. The exchange has yet to ascertain the quantum of penalty it will be subjected to, underscoring the complexity of its compliance proceedings. 
Vivek Aggarwal,…
The post <a href="https://coinedition.com/binance-kucoin-secure-india-fiu-registration-amid-regulatory-storm/">&nbsp;Binance, KuCoin Secure India FIU Registration Amid Regulatory Storm</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance, KuCoin Secure India FIU Registration Amid Regulatory Storm

Coin Edition

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