TechFlow reports that India's Financial Intelligence Unit (FIU) plans to approve two additional overseas cryptocurrency exchanges to resume operations in India. The FIU is currently reviewing applications from four previously banned foreign crypto exchanges. According to sources, at least two of them are expected to be allowed to restart services by the end of the 2025 fiscal year, following a comprehensive review of relevant issues. In January, the FIU had blocked nine foreign cryptocurrency exchanges. Currently, Binance and KuCoin have registered with India's FIU, while OKX has exited the Indian market. Binance announced its registration as a reporting entity on August 15, reportedly paying a $2 million penalty.
Add to Favorites
Share to Social Media
