Bitcoin

Million

Binance was ordered to pay a fine of 188.2 million Indian Rupees ($2.25 million) by India's Financial Intelligence Unit (FIU) for violating the country's Anti-Money Laundering Act.
<h2 id="binance-ordered-to-pay-2-25-million-penalty-by-the-indian-financial-oversight-authority">Binance Ordered to Pay $2.25 Million Penalty by the Indian Financial Oversight Authority</h2>
The FIU imposed the fine on Wednesday, saying Binance failed to comply with India's anti-money laundering (AML) regulations.
The regulator had previously issued a notice to Binance in December 2023, asking the exchange to justify its actions and explain why it should not face penalties for providing services to local customers and operating in India without proper registration under AML laws.
Related News: <a href="https://en.bitcoinsistemi.com/binances-venture-capital-arm-binance-labs-announced-the-latest-project-it-invested-in/" target="_blank" rel="noopener noreferrer nofollow">Binance's Venture Capital Arm, Binance Labs, Announced the Latest Project It Invested in!</a>
In addition to the fine, the FIU directed Binance to ensure strict compliance with India's AML regulations going forward.
This directive comes as Binance is reportedly trying to re-enter the Indian market after being banned by Indian regulators in January.
As of now, Binance has not responded to requests for comment regarding the FIU's decision.
The fine and compliance directives highlight the ongoing regulatory challenges faced by cryptocurrency exchanges globally as authorities tighten their controls on digital assets to prevent money laundering and other financial crimes.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/another-shock-to-bitcoin-exchange-binance-after-nigeria-criminal-news-came-from-this-country-too-here-are-the-details/" rel="noopener noreferrer nofollow">Another Shock to Bitcoin Exchange Binance! After Nigeria, Criminal News came from this country too! Here are the Details</a>

Another Shock to Bitcoin Exchange Binance! After Nigeria, Criminal News came from this country too! Here are the Details

목차

Bitcoin Sistemi EN

2024년 6월 20일에 게재된 다른 기사

MicroStrategy Buys More Bitcoin Despite Price Drop

Bitcoin Exchange Reserves Plunge to Lowest Level in Three Years

Top Crypto Presale in June 2024, MoonBag, Draws Investors Away from Internet Computer and Cardano...

Trump Gets $2M In Bitcoin Donations For 2024 Election From Winklevoss Twins: 'The Biden Administr...

Teleport vs. Uber: How Solana’s New App Saves Drivers Money

Bitcoin miner reserves drop to lowest in 14 years

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!