The two have been registered with the country’s Financial Intelligence Unit (FIU-IND), the most senior official of the unit, which falls under the nation’s Finance Ministry, told CoinDesk. They were among more than 9 offshore entities banned – others included Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex – at the end of last year.
![Binance, KuCoin Win Registration With India’s Financial Intelligence Unit Binance, KuCoin Win Registration With India’s Financial Intelligence Unit](https://www.coindesk.com/resizer/lPjNWH-k1nHUDiRFdsjmmieUsxw=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/Y3B4NGQDNNGPDEASFFHGPDZMZY.jpg)