The Binance exchange reached an agreement with India, one of the countries with the toughest crypto regulations in the world. The exchange reached a settlement with the Indian regulator, the Financial Intelligence Unit. The company has been banned in India for about 7 months. The Binance application could not be downloaded from the Google Play Store and Apple App Store.

In a statement from Binance, it was stated that this agreement is an indication of the company’s compliance with anti-money laundering rules and goodwill in this regard.

OKX had shut down its services in India

As it will be remembered, in March, the Indian authority imposed a ban on 9 exchanges, including Binance. These exchanges, along with Binance; KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.

Even the OKX exchange, which was not on the list, left the Indian market after the warnings. While OKX left the country, Binance stated at the time that they wanted to continue working with Indian regulators and authorities.

After months of negotiations, it seems that a positive conclusion has been reached here as well.