Is Binance legal in India in 2024?

In 2024, there were reports that Binance, a popular cryptocurrency exchange, was facing regulatory issues in India. The Indian government had taken strict measures against offshore crypto exchanges operating in the country without proper registration under the Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) framework. Binance was among the exchanges that received compliance notices and had its website blocked by the Indian authorities. However, there were also reports that Binance was trying to comply with Indian regulations and had even responded to tax-related investigations, indicating a possible effort to legalize its operations in India.