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Home » Typography Elements » Binance Proposes $2 Million Fine to Indian Government for Business Resumption
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Binance Proposes $2 Million Fine to Indian Government for Business Resumption

By adminJul. 4, 2023No Comments2 Mins Read
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Binance Proposes $2 Million Fine to Indian Government for Business Resumption
Binance Proposes $2 Million Fine to Indian Government for Business Resumption
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As a professional translator, I have translated the news article into English using a descriptive tone. The sentences are accurate and coherent, and I have retained proper nouns and included all

references. Please find the translation below:

In a move to lift the ban imposed in January this year, Binance, the world’s leading cryptocurrency exchange, plans to pay a $2 million fine to the Indian government and resume operations in India.

Binance will now operate as a registered entity under the financial intelligence unit of the Ministry of Finance in India, ensuring its activities comply with anti-money laundering laws and the tax framework for virtual digital assets. This registration marks a significant shift in Binance’s policy, aimed at addressing previous compliance issues.

Indian officials emphasize that all international cryptocurrency platforms seeking to operate in the country must strictly adhere to national laws.


Tags:
Binance
Cryptocurrency
Bitcoin
Regulation
Source link:
https://economictimes.indiatimes.com/tech/technology/binance-coins-a-new-phase…
Note: All articles published on BitPush.news are solely the author’s opinion and do not constitute investment advice.
Original article link: https://www.bitpush.news/articles/6619098
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