The Indian Financial Intelligence Unit (FIU) has fined Binance, a global cryptocurrency exchange, $2.2 million for violating its anti-money laundering regulations.
The fine comes after a review by the FIU found that Binance had not adhered to statutory obligations under the Prevention of Money Laundering Act (PMLA).
Binance, in response, stated that it will evaluate the order and that it is committed to working with Indian authorities to ensure compliance.
