The KuCoin crypto exchange has paid a fine of $41,000, and the amount of the fine for Binance has not yet been determined, and the trading platform's website will remain blocked until payment.
Kraken crypto exchanges that are subject to restrictions and Gate.io They are also negotiating a return to the Indian market, and the Bitstamp platform has presented a withdrawal plan, says the head of FIU Vivek Aggarwal.
At the end of 2023, restrictions were imposed in India on the activities of foreign crypto platforms, which, according to the authorities, worked illegally in the country. Financial intelligence demanded to block access to their websites for local traders and investors. In addition to Binance and KuCoin, the blocked sites included HTX, Kraken, Gate, Bittrex, Bitstamp, MEXC and Bitfinex.
Earlier, Indian Finance Minister Nirmala Sitharaman took a firm stand against bitcoin and other crypto assets, saying that they cannot be considered real money.