Binance, KuCoin Win Registration With India's Financial Intelligence Unit
Powered by @unfolded- Binance and KuCoin, two major cryptocurrency exchanges, have been registered with India's Financial Intelligence Unit.
- This marks the first time offshore crypto entities have been approved by India's anti-money laundering unit.
- KuCoin has paid a fine of $41,000, while Binance's financial penalty is still pending after a hearing with the FIU.
- Further details and updates on this story are expected.