Binance, the world’s largest cryptocurrency platform, has confirmed that India will lead in shaping global crypto regulations in 2025.
The exchange company, following the completion of its registration with India’s Financial Intelligence Unit (FIU-IND), stated that its outlook is based on the nation’s progressive efforts to establish an open framework that inspires innovation, fosters trust, and boosts blockchain adoption.
Vishal Sacheendran, who was the head of Regional Market for Binance in the region, made the announcement on Thursday.
He further said Binance is committed to aligning with India’s evolving rules and regulations.
He explained that the company has been proactive in expanding its presence in the country by offering safe and compliant crypto services.
Sacheendran further stated that the future of cryptocurrency extends beyond trading but could help enforce a decentralised and innovative digital ecosystem.
A significant milestone for cryptocurrency this year was the United States’ approval of spot Bitcoin trading and Ether exchange-traded funds (ETFs).
India’s growing relevance in cryptocurrency regulation is gaining momentum, particularly with its involvement in major advancements in crypto adoption and institutional interest in 2024, contributing to Bitcoin reaching an all-time high of $108K.
It is important to note that India’s journey toward crypto regulation began in 2019 with a proposed bill to completely ban cryptocurrencies.
However, the bill never reached Parliament. Since then, India’s stance has become more accommodating, driven by global trends that continue to fuel optimism in the sector.