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Binance Back Online in India After Paying ₹18.82 Crore Fine

30.07.2024

Binance website URL is now accessible in India. URLs of 9 offshore crypto exchanges including Binance, OKX, Kucoin were blocked by Govt. of India on January 12, 2024. These platforms received show-cause notice from the finance ministry in December 2023 for not complying with India’s anti money laundering laws. Kucoin was the first offshore crypto exchange to register with FIU and after paying a fine of ₹34.5 lakh its URL was unblocked in March.

Binance filed for FIU registration in April and was fined ₹18.82 Crorewhile OKX decided to discontinue its services in India.

Source : Binance official website

Even though Binance URL is now accessible, the app is yet to reappear on Play store and App Store.
There is still no update or announcement from the official Binance on its social media or blog, however people are able to access the website. This might be a signal that Binance URL has been unblocked completely.

Source

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30.07.2024
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