Binance, the world’s largest cryptocurrency exchange by trade volume, has joined the Internet and Mobile Association of India. This tech industry association helped overturn the nation’s crypto banking ban earlier this year. The cooperation between Binance and IAMAI is an early step in implementing industry best practices in the Indian crypto market, according to the exchange. India’s crypto sector has seen several positive developments since the Supreme Court ruled the banking on crypto as unconstitutional.
IAMAI led the petition that sought to overturn the banking ban.
The Internet and Mobile Association of India is a not-for-profit trade body of digital businesses operating within the country. Its role is to expand and enhance the online and mobile value-added services sectors. One of the world’s leading crypto exchange Binance is now a member of the IAMAI’s crypto committee. The nonprofit organization led the petition that sought to overturn the banking ban on crypto by the central bank of the country. The Supreme Court of India ruled in favor of the crypto community after a long legal battle. Gaurav Chopra, vice president of IAMAI, said that they warmly welcome Binance as a member of the Crypto Asset Committee of IAMAI.
Binance to launch a crypto trading platform for institutional investors in the UK.
As reported earlier, Binance will be expanding to the United Kingdom with a regulated crypto trading platform for both institutional and retail investors. The leading crypto exchange by trading volume aims to tap the institutional investment market and meet the rising demand for digital asset investments in the United Kingdom. According to the Reuters report, Binance is reportedly reviewing 65 cryptocurrencies that it plans to list on the UK exchange at launch this year. Over the last few years, Binance has been on an acquisition spree as it continues to acquire different crypto and blockchain businesses around the world.