exclusive: India's FIU Grants Registration to Binance and KuCoin as Crypto Exchanges.

Quick Summary:

In a landmark development for the cryptocurrency industry in India, both Binance and KuCoin have successfully completed their registration processes with the country’s Financial Intelligence Unit (FIU).

This signifies a crucial step towards regulatory compliance and legitimacy within the Indian market.

However, challenges persist for offshore entities yet to secure registration with the FIU, as their services remain blocked pending regulatory approval.

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Article Details

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Kucoin Binance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-10 @ 19:54:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20930193

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 51 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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