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Cryptocurrency exchanges Binance and KuCoin register with India’s financial intelligence unit as cryptocurrency credibility improves
“It is parliament and the government as a whole” that must give legitimacy to the sector, he said. The registrations serve to “safeguard the Indian economy. If a company is protected from financial crime abuse, then it automatically has, if not legitimacy, then at least a little more credibility to the system,” Aggarwal said.