Binance, a leading cryptocurrency platform, will pay a hefty fine of Rs 18.82 crore to the Financial Intelligence Unit (FIU) to restart its operations in India. The penalty comes after the FIU found Binance operating in the country in violation of anti-money laundering regulations. This move follows a similar situation with KuCoin, another crypto exchange, which paid Rs 34.5 lakh to gain full registration and resume operations.