new delhi, May 11 -- Crypto giants Binance and Kucoin that left India after a regulatory blockade are set for a comeback, after the global exchanges applied for registration and compliance in the country.
In December, India's Financial Intelligence Unit (FIU) called for blocking web addresses of a number of global crypto firms which were not registered in the country, over concerns that some of them may be misused for money-laundering.
On Friday, FIU said that it has lifted Kucoin's suspension after the exchange paid a fine of around $42,000, and is processing Binance's application.
"We are yet to decide on the quantum of fine to be levied on Binance, and the process is likely to take some time," said Vivek Aggarwal, director of FIU, whi...