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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The crypto exchange was fined in June for conducting operations in India without proper authorisation and for violating provisions of the PMLA.
Binance, the world's largest cryptocurrency exchange, has resumed operations in India after paying a Rs 18.82 crore ($2.25 million) fine imposed by the Financial Intelligence Unit of India (FIU-IND). The financial watchdog had levied the fine in June for conducting operations in the country without proper authorisation.
With the fine paid, Binance is now registered as a reporting entity with FIU-IND. The company's website and app, banned for the past seven months in the country, are fully accessible to its Indian users now.
FIU-IND’s investigations revealed that Binance, along with eight other exchanges, violated the Prevention of Money Laundering Act …
The stablecoin neobank has raised more than $100 million this year; Saudi Arabia is looking at stock market reforms; and other updates from the week.
Aggressive summer deals are being rolled out to make up for the slump in arrivals; Coinbase is setting up a new tokenization hub, and other updates.
The emirate’s financial centre has surpassed the 10,000-company mark, Lucid Motors has a new investor, and digital assets are having a great week.
