Binance, the world’s foremost digital asset infrastructure provider, has reached a significant milestone by registering as a reporting entity with India’s Financial Intelligence Unit (FIU-IND). This registration marks Binance’s 19th global regulatory milestone and underscores the company’s unwavering commitment to adhering to anti-money laundering (AML) standards within India’s rapidly growing virtual digital assets (VDA) market.

Richard Teng, CEO of Binance, highlighted the importance of this achievement, noting that it strategically positions Binance to better serve the dynamic and vibrant Indian market. “Recognising the vitality and potential of the Indian VDA market, this alignment with Indian regulations allows us to tailor our services for Indian users,” Teng stated. The registration with FIU-IND is particularly noteworthy as India ranks highly in global crypto adoption, with the country emerging as a key player in the future of digital finance.

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