Binance, one of the largest cryptocurrency exchanges, received regulatory approval to reopen its services and serve nearly 100 million crypto traders in India.
Binance registers as a reporting entity with India’s Financial Intelligence Unit, per official announcement. The exchange’s website and application is available again for nearly 100 million crypto traders in the nation. BNB hovers around $520 early on Thursday, Binance ’s native token could extend gains to $600 target. The firm has faced several challenges with regulators worldwide, including in India, where the platform had been banned for noncompliance reasons during seven months.
India has nearly 100 million crypto traders and the exchange can offer its suite of services and tools to these users as a registered entity as of August 15. A Chainalysis report from 2023 shows that India ranks in the top five countries by estimated transaction volume across centralized and decentralized exchange platforms, lending protocols, and smart contract tokens.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Denver lawn bowling club celebrates 100 years, hopes for 100 moreColin is a photojournalist who joined Denver7 in February 2021.
Read more »
![Elliott Wave analysis: Bullish outlook on SP500 and NASDAQ post-AMZN earnings and FOMC [Video]](https://i.headtopics.com/images/2024/8/1/fxstreetnews/elliott-wave-analysis-bullish-outlook-on-sp500-and-elliott-wave-analysis-bullish-outlook-on-sp500-and-DDC8B0FE864AFFF6756AEE0104C1B0F0.webp?w=640)
Elliott Wave analysis: Bullish outlook on SP500 and NASDAQ post-AMZN earnings and FOMC [Video]S&P 500, SPY, NASDAQ 100, QQQ, DAX 40, FTSE 100, ASX200 Elliott Wave Analysis.
Read more »
Alert: Another Excessive Heat Warning. few storms in south-central PennsylvaniaHighs will soar to near 100 degrees, and it will feel like 100-110 degrees
Read more »
FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Jul 25, 2024 when FTSE 100 traded near 8,203.00.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.
Read more »
Binance burns over $950 million in BNB, what’s next for Binance coinBinance Coin (BNB) price is nearly unchanged in the past month.
Read more »
Binance Has Challenged India's $86M Tax Showcause Notice: SourceAmitoj Singh is a CoinDesk reporter.
Read more »