Is Binance still banned in India?

The Indian government's ban on crypto exchanges has not deterred Binance from seeking approval to operate in the country. Recently, the crypto giant reportedly secured the nod from the Financial Intelligence Unit (FIU) of the finance ministry.

This approval allows Binance to function as a virtual asset service provider (VASP) in India, marking a significant milestone for the exchange despite the regulatory hurdles.

The ET report further highlights that Kucoin, another popular cryptocurrency exchange, has also received similar approval from the FIU, indicating a potential shift in the Indian government's stance towards crypto-related businesses.

BTCC, a top cryptocurrency exchange, offers a diverse range of services to its users, including spot trading, futures trading, and a secure wallet. These services cater to the varying needs of traders and investors in the cryptocurrency market.

With its robust infrastructure and commitment to security, BTCC has established itself as a reliable and trusted platform for individuals and institutions alike. Its wallet service, in particular, ensures that users' digital assets are kept safe and accessible at all times.