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Can Binance's FIU Compliance Catalyze BNB Price Rally To $600?

source-logo  coingape.com 14 August 2024 13:45, UTC

BNB price has been steadily rising for three consecutive days, pushing its value from $503 to $528— a 5% increase. This upswing ignores the broader market uncertainty following the Bitcoin consolidation around the $60,000 level. A key factor contributing to Binance’s recovery is that the exchange resumed operation in India after registering with the Financial Intelligence Unit (FIU) and paying a substantial fine.

coingape.com