Binance Is Back In India After Paying $2 Million Fine In January, the government of India banned 9 foreign exchanges for not following FIU compliance, which included Binance the world’s largest exchange banned in India due to regulatory issues for which it has also indicated withdrawal. Binance will return after almost four months of being banned. For which Binance has to pay a penalty of approximately $2 million.

Industry experts believe that the return of Binance can increase the dynamism of the Indian crypto market, as its arrival can increase competition in the Indian crypto market. This will be the strongest comeback because the market is moving towards a Bull Run. New investors showing interest and return of foreign exchanges may also increase competition in the Crypto Market.

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