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Breaking: Binance Hits With $2.2M Fine From India's FIU

source-logo  coingape.com 20 June 2024 09:30, UTC

The leading global crypto exchange, Binance, faces a $2.2 million fine from India’s Financial Intelligence Unit (FIU). Notably, the fine was imposed on Binance as it allegedly failed to comply with local anti-money laundering (AML) regulations. This penalty marks a significant regulatory challenge for Binance as it navigates complex international financial laws.

coingape.com