Binance Dethroned As Indian Traders Flock To Local Firms Amid Regulatory Scrutiny

In a surprising twist of events across the Indian crypto landscape, Binance, the world’s leading crypto exchange, witnessed a noteworthy setback leading to an exodus of Indian traders on its platform. This comes as a result of the Indian Financial Intelligence Unit’s (FIU) most recent stance on offshore crypto exchanges, mandating them to comply with the nation’s anti-money laundering laws.