ndia's Financial Intelligence Unit (FIU) has imposed a fine of 188.2 million rupees (US$2.25 million) on the world's largest crypto exchange, Binance, for operating in the country in violation of local anti-money laundering regulations. India requires virtual digital asset service providers like crypto exchanges to be registered with the FIU as a reporting entity and comply with its anti-money laundering rules. Binance did not immediately respond to an email seeking comment. In May, Binance had registered with the FIU as the exchange sought to resume operations in the country after the watchdog issued show-cause ... (full story)