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Binance Fined .25 Million in India for Breaching Anti-Money Laundering Regulations

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Binance Fined $2.25 Million in India for Breaching Anti-Money Laundering Regulations

ByNews Polite June 20, 2024

India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.25 million (roughly Rs. 18.8 crore) on Binance. The financial watchdog announced the development on Thursday, June 20. India has claimed that the crypto exchange, touted as the largest in the world, was not adhering to the Prevention of Money…

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