Binance has taken important steps to reestablish itself in India after past regulatory concerns. In mid‑2024, it registered with India’s Financial Intelligence Unit (FIU‑IND), which allows it to operate under the country’s rules for anti‑money laundering. Alongside this, it paid a fine for earlier non‑compliance and now requires users to complete enhanced identity verification (KYC), including PAN information. These steps show Binance’s effort to align with Indian law and regain user trust. 

 

On transparency, Binance uses a proof of reserves system which lets users see how total held funds compare with what’s owed. They’ve upgraded this system to use stronger methods to keep data private yet verifiable. This makes it more likely that users can have confidence their crypto isn’t just promised, but actually held in backing assets. 

 

For Indian users in 2025, Binance still has some challenges. Customer support sometimes gets criticism, especially around resolving disputes in peer‑to‑peer trades. The platform’s interface and options may be confusing for those new to crypto. Also, being compliant doesn’t mean zero risk: taxes, reporting, and new rules may affect fees, transaction ease, withdrawal speed, or how comfortable a user feels with the platform. 

 

Overall, if you’re looking for a crypto exchange in India in 2025 and trust matters to you, Binance is among the better choices. It isn’t perfect, but its recent regulatory alignment, more visible reserves, and ongoing compliance make it a more reliable option than many alternatives. If you use it, keep your own records, be aware of transaction/reporting rules, and test smaller amounts first.