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Cryptocurrency exchanges Binance, KuCoin register with India’s Financial Intelligence Unit as crypto credibility improves
“It is Parliament and the government as a whole” that must give legitimacy to the sector, he said. The registrations are intended to “protect the Indian economy. If a company is protected from abuses related to financial crime, it automatically has, if not legitimacy, at least a little more credibility in the system,” Aggarwal said.