Optimism surges as India reopens doors to offshore crypto exchanges
In a notable shift within its financial regulatory framework, India has reopened its doors to offshore crypto currency exchanges , with Binance and KuCoin leading the way to secure approvals from India’s Financial Intelligence Unit (FIU-IND). This development is poised to significantly alter the landscape for crypto currencies in India. After a challenging period marked by bans due to alleged non-compliance with local laws, these major exchanges have now successfully navigated the regulatory hurdles, signaling a fresh start in a market valued at over $260 billion. Binance and KuCoin’s re-entry into the Indian market comes after months of rigorous scrutiny and adjustments to meet the demands of Indian regulators. KuCoin has taken proactive steps by settling a $41,000 penalty, which has facilitated a swift resumption of its services. Picks for you What would happen if we returned to the gold standard? 59 mins ago 2 cryptocurrencies to reach $1 billion m...