Binance Secures Legal Status in India: A Major Milestone
On August 16, 2024, Binance achieved a significant milestone by securing legal status in India
The crypto exchange officially registered with India’s Financial Intelligence Unit (FIU), marking a crucial step in regulatory compliance
This registration strengthens Binance's presence in India, potentially leading to increased crypto adoption in the country
Binance's move is expected to boost investor confidence, paving the way for further expansion in the Indian market
The legal status could influence other exchanges to follow suit, contributing to the growth of India's crypto ecosystem
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