Binance and KuCoin receive FIU approval to resume operations in India, with KuCoin paying a fine.

Crypto exchange Binance is set to resume operations in India after receiving approval from the Financial Intelligence Unit (FIU), India's anti-money laundering watchdog. FIU has also approved Binance's rival, KuCoin, marking them as the first offshore digital asset platforms to receive regulatory nod from the FIU. KuCoin has paid a $41,000 fine while Binance awaits confirmation of its penalty.