Binance: A Global Cryptocurrency Exchange

币安：全球加密货币交易所

Binance, established in 2017, is a renowned cryptocurrency exchange with a focus on trading altcoins. It offers crypto-to-crypto trading for over 350 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token, BNB. The Binance website and mobile app provide users with a comprehensive platform to trade cryptocurrencies, supporting hundreds of popular coins. Binance also offers a cryptocurrency wallet for storing virtual currency and allows users to earn interest or conduct cryptocurrency transactions through its exchange support services. Additionally, it assists traders in making investment decisions and provides programs for miners. BNB is a Binance token based on the blockchain. Despite its global presence, Binance is prohibited by law in some nations, including the United States and the United Kingdom. By both daily trade volume and asset holdings, Binance is the largest cryptocurrency exchange in the world.

币安成立于 2017 年，是一家专注于山寨币交易的著名加密货币交易所。它提供超过 350 种加密货币和虚拟代币的加密货币交易，包括比特币 (BTC)、以太币 (ETH)、莱特币 (LTC)、狗狗币 (DOGE) 以及自己的代币 BNB。币安网站和移动应用程序为用户提供了一个全面的加密货币交易平台，支持数百种流行硬币。币安还提供用于存储虚拟货币的加密货币钱包，并允许用户通过其交易支持服务赚取利息或进行加密货币交易。此外，它还帮助交易者做出投资决策并为矿工提供计划。 BNB是基于区块链的币安代币。尽管币安业务遍布全球，但在一些国家（包括美国和英国）仍受到法律禁止。从每日交易量和资产持有量来看，币安都是全球最大的加密货币交易所。

Leading Indian Exchanges

印度领先交易所

31 cryptocurrency companies are currently registered with the FIU in India. Unocoin is one of the largest and most established exchanges in India for purchasing, storing, and selling cryptocurrencies. Users can trade in eighty various digital currencies and receive free Bitcoins upon registration. WazirX is one of the exchanges in India that is expanding the fastest. It is also renowned for having sophisticated trading charts that are accessible through Windows, iOS, Android, and web apps and for having an easy-to-use interface for beginners.

目前有 31 家加密货币公司在印度金融情报机构注册。 Unocoin 是印度最大、最成熟的购买、存储和销售加密货币的交易所之一。用户可以交易八十多种数字货币，并在注册后获得免费的比特币。 WazirX 是印度扩张最快的交易所之一。它还因拥有可通过 Windows、iOS、Android 和 Web 应用程序访问的复杂交易图表以及适合初学者的易于使用的界面而闻名。

CoinDCX is one of the safest and most transparent cryptocurrency trading platforms in India. Numerous security checks are performed during the onboarding process in a safe manner using automated software programs like biometrics.

CoinDCX是印度最安全、最透明的加密货币交易平台之一。在入职过程中，使用生物识别等自动化软件程序以安全的方式执行大量安全检查。

Binance's Return to India

币安重返印度

Binance, the largest cryptocurrency exchange in the world which the government outlawed in January, is preparing to make a $2 million payment to re-enter India. International cryptocurrency exchange Binance has received permission from the Financial Intelligence Unit (FIU), an Indian financial regulator, to provide its services in India. As of right now, Binance is preparing to return to India while adhering to local market regulations.

币安是世界上最大的加密货币交易所，1 月份被政府取缔，现在准备支付 200 万美元重新进入印度。国际加密货币交易所币安已获得印度金融监管机构金融情报部门（FIU）的许可，可以在印度提供服务。截至目前，币安正准备重返印度，同时遵守当地市场法规。

India has historically taken a tough stance on cryptocurrencies and the companies that enable their trading. The largest cryptocurrency exchange in the world, Binance, has reassured its Indian user base about the safety and security of its accounts and cash in the aftermath of India's recent ban on international cryptocurrency exchanges.

印度历来对加密货币和支持加密货币交易的公司采取强硬立场。在印度最近禁止国际加密货币交易所之后，全球最大的加密货币交易所币安向印度用户保证其账户和现金的安全。

The conversation suggested that while the Binance app is operational, the difficulty is specific to individuals attempting to obtain app access through the Apple store and their accounts are the same. The FIU provided information that led to the ban, which was put into effect by the Ministry of Electronics and Information Technology in January. The information mentioned allegations of money laundering and noncompliance with Indian cryptocurrency regulations.

谈话表明，虽然币安应用程序可以运行，但困难是针对试图通过苹果商店获取应用程序访问权限的个人而言的，他们的帐户是相同的。金融情报机构提供了导致该禁令的信息，该禁令由电子和信息技术部于一月份实施。该信息提到了洗钱和不遵守印度加密货币法规的指控。

Google removed the apps on Saturday as well, following suit with its Playstore. On December 28, the FIU sent notifications to the nine exchanges requesting an explanation for their operations in India without the required authorizations or permissions. In response to these suggestions, the ministry ordered that access to these platforms' URLs be blocked.

谷歌也于周六删除了这些应用程序，紧随其后的是其 Playstore。 12 月 28 日，金融情报机构向这 9 家交易所发出通知，要求它们就未经所需授权或许可在印度开展业务做出解释。针对这些建议，该部下令屏蔽对这些平台 URL 的访问。

The guarantee follows the removal of nine cryptocurrency service providers including OKX and Kucoin from the Apple app store, which led to the blocking of their websites. Binance was one of nine offshore cryptocurrency platforms that were banned from using mobile applications and websites to conduct business in India in January. The platforms' disregard for FIU and PMLA regulations prompted the government to take action.

此前，包括 OKX 和 Kucoin 在内的 9 家加密货币服务提供商已从 Apple 应用商店中删除，导致其网站被封锁。币安是一月份被禁止使用移动应用程序和网站在印度开展业务的九个离岸加密货币平台之一。这些平台无视金融情报机构和 PMLA 法规，促使政府采取行动。

Is Binance a Threat to Indian Exchanges?

币安对印度交易所构成威胁吗？

Commission

委员会

Many Indian investors rushed to foreign cryptocurrency exchanges to avoid the tax regime that was implemented after India levied a steep 30% tax on cryptocurrency gains and a 1% tax deduction at source on every cryptocurrency transaction. Binance was said to have accounted for 90% of all trade volume from India at the height of the tax drain. There are still around USD 4 billion worth of cryptocurrency assets on offshore platforms, mostly held by Binance as customers sought to avoid the 1 percent source tax.

许多印度投资者纷纷涌向外国加密货币交易所，以避免印度对加密货币收益征收 30% 的高额税以及对每笔加密货币交易进行 1% 的源头减税后实施的税收制度。据称，在税收流失高峰期，币安交易额占印度所有贸易额的 90%。离岸平台上仍有价值约 40 亿美元的加密货币资产，其中大部分由币安持有，因为客户试图避免 1% 的来源税。

Competition

竞赛

Experts advise transferring your valuables to an Indian exchange or your pocket rather than hastily selling them after the ban. Once it is in a personal wallet, it can be sold or swapped when the moment is right. Following the prohibition, there has been a noticeable increase in the number of registrations on domestic exchanges, suggesting that investors are switching to domestic venues. India is said by Binance to have the most cryptocurrency users worldwide. Binance is a global brand with a global perspective in terms of price. Binance is a platform that offers several functions beyond cryptocurrency. Binance is a whole ecosystem. Hence, it is a threat to Indian exchanges because it will dominate the market with a global presence and innovative trading activities while Indian exchanges do not have the potential to compete with Binance.

专家建议将您的贵重物品转移到印度交易所或口袋里，而不是在禁令后匆忙出售。一旦进入个人钱包，就可以在适当的时候出售或交换。禁令实施后，国内交易所的注册数量明显增加，表明投资者正在转向国内交易场所。币安称印度拥有全球最多的加密货币用户。币安是一个全球品牌，在价格方面具有全球视野。币安是一个提供加密货币之外的多种功能的平台。币安是一个完整的生态系统。因此，它对印度交易所构成威胁，因为它将凭借全球影响力和创新交易活动主导市场，而印度交易所没有与币安竞争的潜力。

No. of Tokens

代币数量

If the number of Tokens of Binance and Indian Exchanges is compared then it will be a threat to Indian Exchanges because Binance has more than 350 cryptocurrencies. None of the exchanges of India can compete with several tokens listed on Binance. That's why it is a threat to Indian Exchanges. Binance trading spectrum is huge and this may suppress the Indian exchange like CoinDCX, WazirX, and many others. Binance is the whole ecosystem that interests the world with innovative tactics to surf in the cryptocurrency market.

如果比较币安和印度交易所的代币数量，那么这对印度交易所来说是一个威胁，因为币安拥有超过 350 种加密货币。印度没有一家交易所可以与币安上上市的几种代币竞争。这就是为什么它对印度交易所构成威胁。币安交易范围巨大，这可能会压制 CoinDCX、WazirX 等印度交易所。币安是整个生态系统，通过创新策略在加密货币市场上冲浪，引起了全世界的兴趣。

Indian Exchanges lacks liquidity, reliability, trust, and regulations.

印度交易所缺乏流动性、可靠性、信任和监管。

No Binance is Not a threat to Indian Exchanges

币安不会对印度交易所构成威胁

The FIU license

金融情报机构许可证

The cryptocurrency exchange will reappear as an organization that is registered with the finance ministry's Financial Intelligence Unit (FIU). Supervision of virtual digital asset trade is assigned to FIU (VDA). Binance promises to abide by all relevant rules, which include the VDA taxation structure and the Prevention of Money Laundering Act (PMLA), "which it had been sloppily flouting until now."

该加密货币交易所将作为在财政部金融情报部门（FIU）注册的组织重新出现。虚拟数字资产交易的监管由金融情报机构（VDA）负责。币安承诺遵守所有相关规则，其中包括 VDA 税收结构和《反洗钱法》(PMLA)，“迄今为止，币安一直在粗心地藐视这些规则”。

India has consistently made it plain that all international Bitcoin exchanges must follow rules to maintain operations there. Unfortunately, it took Binance more than two years to realize there was no room for negotiations, especially at the cost of exposing the country's financial system to vulnerabilities. No global giant may demand special treatment.

印度一直明确表示，所有国际比特币交易所都必须遵守规则才能维持其运营。不幸的是，币安花了两年多的时间才意识到没有谈判的余地，尤其是以暴露该国金融体系的脆弱性为代价。没有哪个全球巨头会要求特殊待遇。

The Federal Investigation Unit (FIU) is an Indian government organization that examines financial transactions. It accused nine cryptocurrency companies of breaking India's anti-money laundering laws and sent show cause warnings to them late last month. We are aware that Binance and other cryptocurrency companies are impacted by an IP restriction. One of the FIU-compliant companies saw a $1 million increase in cryptocurrency deposits from well-known exchanges like Binance. In a recent post on X, CoinSwitch's co-founder and CEO stated, "Offshore exchanges should seriously consider registering with the FIU-IND and adhering to India's AML and CFT regulations.

联邦调查组 (FIU) 是印度政府的一个组织，负责检查金融交易。它指责九家加密货币公司违反了印度的反洗钱法，并于上月底向他们发出了有理由的警告。我们知道币安和其他加密货币公司受到知识产权限制的影响。一家符合金融情报机构标准的公司发现，来自币安等知名交易所的加密货币存款增加了 100 万美元。 CoinSwitch 联合创始人兼首席执行官在 X 最近的一篇文章中表示：“离岸交易所应认真考虑在 FIU-IND 注册并遵守印度的 AML 和 CFT 法规。

Indian exchanges created credibility

印度交易所创造了信誉

You should transfer your funds to an Indian cryptocurrency exchange that is FIU-registered if you are still trading on an overseas platform that is not registered with the FBI but hasn't been banned yet. The best course of action is to sell your assets rather than simply transfer them to an Indian exchange or your wallet because trading on foreign platforms carries inherent dangers. Once they are in your wallet, trading or selling them as you see fit is simple.

如果您仍在未向 FBI 注册但尚未被禁止的海外平台上进行交易，则应将资金转移到已 FIU 注册的印度加密货币交易所。最好的做法是出售您的资产，而不是简单地将其转移到印度交易所或您的钱包，因为在外国平台上进行交易存在固有的危险。一旦它们进入您的钱包，您就可以按照您认为合适的方式进行交易或出售它们。

The CEO and co-founder of Mudrex stated, "The Indian government has consistently encouraged innovation and responsible expansion in the cryptocurrency sector. Since it provides them with a more individualized experience and, more crucially, a means of pursuing legal action if fraudulent behavior occurs on their account, Indian investors should always strive to place their assets in FIU-compliant entities.

Mudrex 的首席执行官兼联合创始人表示：“印度政府一贯鼓励加密货币领域的创新和负责任的扩张。因为这为他们提供了更加个性化的体验，更重要的是，如果发生欺诈行为，他们可以采取法律行动就他们而言，印度投资者应始终努力将其资产置于符合金融情报机构规定的实体中。

When utilizing money on foreign exchanges, it is usually better to try to transfer the money back to India. The regulatory focus on the Indian cryptocurrency business has recently increased, with initiatives to guarantee legal operations and advance investor safety being the main highlights.

在外汇上使用资金时，通常最好尝试将资金转回印度。最近，印度加密货币业务的监管重点有所增加，其中保障合法运营和提高投资者安全的举措是主要亮点。

More exchanges will lead to more transactions in the ecosystem

更多的交易所将导致生态系统中更多的交易

The global adoption of cryptocurrencies has been accompanied by the growth of cryptocurrency exchanges, or online markets where investors, consumers, and dealers may buy, sell, and store virtual currencies. A cryptocurrency exchange, like a stock market, makes it easier to trade virtual currencies like Bitcoin, Ethereum, and Tether. These exchanges function similarly to e-brokerages on online markets, using PC features or mobile apps. Users of cryptocurrency exchanges can also access a wide range of trading and investment instruments.

加密货币的全球采用伴随着加密货币交易所或投资者、消费者和经销商可以购买、出售和存储虚拟货币的在线市场的增长。加密货币交易所就像股票市场一样，可以更轻松地交易比特币、以太坊和 Tether 等虚拟货币。这些交易所的功能类似于在线市场上的电子经纪业务，使用 PC 功能或移动应用程序。加密货币交易所的用户还可以访问各种交易和投资工具。

Conclusion

结论

The facts and findings above by Coin Gabbar reflect the whole ecosystem of Binance. It also expresses the Binance exchange in the cryptocurrency market and why it was banned in India. After complying with regulatory norms Binance is back in India, which shows India’s strict regulations for foreign markets. Hence, Binance will follow the rules and regulations imposed by India and register itself with FIU. Binance is taking re-entry into the Indian Cryptocurrency market which highlights the potential threats and benefits to local exchanges like CoinDCX, WazirX, etc. Binance dominates in terms of tokens, volume, and trading pairs, and is the global cryptocurrency exchange that emphasizes its compliance efforts and the need for a diverse exchange ecosystem. Indian exchanges will face a downshift due to Binance backing in India. Binance is the whole ecosystem that covers whole trading aspects of the cryptocurrency market. Binance will be quite dominating in the Indian exchanges because of its global efforts and now Binance has re-assured to comply with full regulatory norms. This will increase trust among the users to trade with the Binance.

Coin Gabbar 上述事实和调查结果反映了币安的整个生态系统。它还表达了加密货币市场中的币安交易所以及其在印度被禁止的原因。在遵守监管规范后，币安重返印度，足见印度对国外市场的严格监管。因此，币安将遵守印度实施的规则和规定，并在金融情报机构注册。币安正在重新进入印度加密货币市场，这突显了 CoinDCX、WazirX 等当地交易所的潜在威胁和好处。币安在代币、交易量和交易对方面占据主导地位，是强调其自身优势的全球加密货币交易所。合规工作以及对多元化交易所生态系统的需求。由于币安在印度的支持，印度交易所将面临下行趋势。币安是涵盖加密货币市场所有交易方面的整个生态系统。由于其全球努力，币安将在印度交易所占据主导地位，现在币安已再次保证遵守全面的监管规范。这将增加用户与币安交易的信任度。

“Statement Given By Co-Founder of CoinDCX, Sumit Gupta“

“CoinDCX 联合创始人 Sumit Gupta 发表的声明“

The aim is to give global users a single-click mobile experience while traversing the Web3 space, co-founder of CoinDCX Sumit Gupta in an interview. ”We are now in the process of building an entire Okto Ecosystem. We believed all CeFi platforms would eventually have a DeFi arm. The Okto Chain will power thousands of applications being built in the Web3 space. More than 20 apps are being built through the SDK

CoinDCX 联合创始人 Sumit Gupta 在接受采访时表示，其目标是在穿越 Web3 空间的同时为全球用户提供单击式移动体验。 “我们现在正在构建整个 Okto 生态系统。我们相信所有 CeFi 平台最终都会拥有 DeFi 部门。 Okto 链将为 Web3 空间中构建的数千个应用程序提供支持。超过 20 个应用程序正在通过 SDK 构建