MUMBAI: Financial Intelligence Unit (FIU) imposed a fine of Rs18.82 crore ($2.25 million) on Binance, the world's largest crypto exchange, for operating in the country in violation of anti-money laundering regulations.
In May, Binance had registered with the FIU as the exchange sought to resume operations in the country after being issued a show-cause notice by the financial watchdog in December 2023, along with eight other offshore exchanges that were operating in violation of local rules
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