Indian FIU Hits Binance and KuCoin with New Fines Amid Looming Market Reentry

India’s Financial Intelligence Unit (FIU) has fined Binance and KuCoin about $2.25 million (about 188 million Rupees) and 3.4 million Rupees, respectively in fines for not obeying the country’s Anti-Money Laundering (AML) laws. The FIU maintained that the exchanges rendered their services in the country without the proper registration, did not obtain a Virtual Asset […]