Fine and Dandy: Binance Re-enters India with a $2.25M Smile

Binance with green light to operate, again, in the Indian market after paying $2.25 million to regulators in the country.

The most largest exchange in the world have been granted a license to operate in the biggest emergent crypto market in the world in Asia, after paying a fine that the Indian agency stipulated for violations regarding illegal activities in the country. The government in January cut permission to 9 platforms found violating Indian rules and after careful appreciation of the Binance case and all paid as fine, the platform make their comeback.

So, all Indians can again deal using Binance and benefit from all the services the exchange offer to them. India is a growing powerful market in crypto and Binance knows that and did all to gain access to it and give Indians a more suitable place to trade their assets. What I don't agree is the amount charged to Binance, that is very low as it encourage their behavior on other locations to continue operate without proper licensing.

If they paid the fine means that they are guilty of what have been accused and paying that less amount is an encouragement to other entities to act like this. Fines are somehow repellent to bad behavior and help keep businesses clean of trouble. Remember:

CONTENT IS KING!