Cryptocurrency Q&A
Is Binance Pay legal in India?
Is Binance Pay legal in India?
Bianca
Wed Oct 23 2024
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7 answers
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Binance, a leading cryptocurrency exchange, has been facing regulatory challenges in various countries. Recently, there have been concerns regarding the legality of Binance Pay in India, as the country's financial authorities have been tightening their grip on crypto-related activities. This question arises in the backdrop of several notices and actions taken by Indian regulatory bodies against crypto exchanges operating in the country.
7 answers
Elena
Fri Oct 25 2024
BTCC, another top cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services.
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SamsungShineBrightnessRadiance
Fri Oct 25 2024
The penalty was imposed due to regulatory violations related to Binance's operations in India.
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EmeraldPulse
Fri Oct 25 2024
Prior to this registration, Binance faced a seven-month ban on its website and mobile application in India.
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KatanaSharpness
Fri Oct 25 2024
Binance, a prominent global cryptocurrency exchange, has successfully registered with India's Financial Intelligence Unit-India (FIU-IND).
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MountFujiMysticalView
Fri Oct 25 2024
The ban severely restricted Binance's ability to operate and serve customers in the Indian market.
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