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News Explorer — Binance Fined $2.2 Million for Violating India's Anti-Money Laundering Rules

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Jun 20, 5:11 am
Coindesk

Binance Fined $2.2 Million for Violating India's Anti-Money Laundering Rules

Binance, the world's largest cryptocurrency exchange, has been fined approximately $2.2 million for violating India's anti-money laundering rules. The fine comes after Binance was issued a showcause notice and subsequently removed from India for operating illegally. The Financial Intelligence Unit (FIU) found the charges against Binance to be substantiated and ordered the imposition of the penalty.

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