Binance and KuCoin complete registration with India's Financial Intelligence Unit
ChainCatcher news, according to CoinDesk, Binance and KuCoin have completed registration with India's financial intelligence unit, whose top official told CoinDesk that the unit is under the Ministry of Finance of India.
It is reported that this is the first time the country's anti-money laundering unit has approved overseas cryptocurrency-related entities. In this regard, KuCoin paid a fine of $41,000, while Binance's penalty is still to be determined after a hearing with the financial intelligence unit.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
