Latest Trouble For Binance As Indian FIU Imposed $2.25M On The Exchange Giant

Date: 21-06-2024 7:26 am (1 month ago) | Author: Olusanya Akinrinola
- at 21-06-2024 07:26 AM (1 month ago)
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India’s Financial Intelligence Unit has imposed a fine of $2.25m (188.2 million rupees) on Binance, the world’s largest cryptocurrency exchange, for operating in the country without registering with the agency, as required by law.

The FIU made this disclosure in a statement obtained by The PUNCH from its website on Thursday.

The Indian Authority said Binance, as a registered entity in the country, violated three sections of the country’s Prevention of Money Laundering Act, 2002.

This is the latest trouble for the exchange, which is already facing a trial in Nigeria for money laundering and tax evasion charges.


Posted: at 21-06-2024 07:26 AM (1 month ago) | Hero
- gogoman at 21-06-2024 11:27 AM (1 month ago)
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maybe the idiotic wife and her stupid fellow will tell India make them leave the man alone!! cos na only nigeria una no dey respect Roll Eyes Roll Eyes Roll Eyes infact Nigerian government suppose kill am for prison  Roll Eyes Roll Eyes Roll Eyes
Posted: at 21-06-2024 11:27 AM (1 month ago) | Grande Master
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