Binance completes registration in India, achieving its 19th global regulatory milestone
On August 15th, Binance announced that it has successfully registered with the Financial Intelligence Unit of India (FIU-IND) as a reporting entity. This achievement marks Binance's 19th milestone in global regulation. The registration with the Indian Financial Intelligence Unit highlights Binance's commitment to comply with anti-money laundering (AML) standards in India and other jurisdictions where it operates. According to Chainalysis data, India ranks among the top five in estimated trading volume of centralized and decentralized exchanges, lending protocols, and token smart contracts. Binance's website and app are now fully accessible to Indian users, providing them with a complete set of Binance services and tools that meet their needs.
Richard Teng, chief executive of Binance, said: "Our registration with India's Financial Intelligence Unit marks an important milestone in Binance's development journey. We recognise the dynamism and potential of India's virtual digital asset market, and this partnership with Indian regulators allows us to offer customised services to Indian users. We are proud to extend our leading platform into this burgeoning market and support the continued growth of India's virtual digital asset market."