International
Binance: India slams heavy fine on crypto firm for non-compliance
Binance: India slams heavy fine on crypto firm for non-compliance
In the midst of its ongoing trial with the Nigerian government, cryptocurrency exchange platform, Binance Holdings Limited has been slammed with a fine of 188.2 million rupees ($2.25 million) by India’s Financial Intelligence Unit (FIU) for non-compliance with local anti-money laundering (AML) regulations.
A document titled ‘Order in original No. 10/DIR/FIU-IND/2024 in the matter of Binance u/s Section 13 dated 19.06.2024’ by India’s Financial Intelligence Unit (FIU), said the fine was for violating its money laundering law.
This is the highest ever fine imposed on any crypto entity for non-compliance to AML laws in India.
“Due to Binance’s ongoing provision of services to Indian clients and operations within India without adhering to its statutory obligations under the PMLA a Notice dated December 28, 2023, was issued to Binance pursuant to Section 13 of the Act, compelling Binance to demonstrate why appropriate action should not be undertaken against it for its dereliction of duties under the Act, despite its status as a Reporting Entity owing to its operations as a Virtual Digital Asset Service Provider (VDA SP).
“After considering the written and oral submissions of Binance, the Director, FIU-IND, based on the material available on record, found that the charges against Binance were substantiated” the FIU announcement said.
“Consequently, the Director FIU-IND” ordered the imposition of a “total penalty” of approximately $2.2 million on Binance along with “specific directions to ensure diligent compliance with the obligations.”
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“We call upon all industry participants to strictly adhere to laws related to anti-money laundering (AML) and combating the financing of terrorism (CFT),” said Dilip Chenoy, Chairman, Bharat Web3 Association.
In India, virtual digital asset service providers like crypto exchanges are required to be registered with the FIU as a reporting entity and comply with its anti-money laundering rules.
In May, Binance had registered with the FIU as the exchange sought to resume operations in the country after the watchdog issued show-cause notices to nine offshore exchanges operating in violation of local rules.

Binance: India slams heavy fine on crypto firm for non-compliance
International
Stranded Chinese space station crew to return Friday after debris strike
Stranded Chinese space station crew to return Friday after debris strike
China says the three astronauts stranded aboard its Tiangong space station after their return craft was damaged by space debris will finally return to Earth on Friday.
The crew—Chen Dong, Chen Zhongrui, and Wang Jie—had been scheduled to depart four days after their replacements arrived on November 1. However, their planned return was aborted when the Shenzhou-20 spacecraft, meant to ferry them home, was reportedly struck by a small piece of orbital debris.
According to state media, the astronauts will now return aboard Shenzhou-21, the same craft that transported the incoming crew.
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The trio, who travelled to Tiangong in April for a six-month rotation, remain “in good condition, working and living normally,” the China Manned Space Engineering Office said on Tuesday.
China has pushed ahead with its space ambitions since launching its first crewed mission in 2003. The country has since completed its own space station and set a target of landing astronauts on the moon by 2030.
The current Shenzhou-21 mission also marked a milestone for Chinese space science, carrying mice to Tiangong for biological experiments — a first for the programme.
Stranded Chinese space station crew to return Friday after debris strike
(Xinhua/NAN)
International
Pakistan arrests suspects over deadly Islamabad bombing
Pakistan arrests suspects over deadly Islamabad bombing
Pakistani security agencies have arrested several suspects linked to this week’s deadly suicide bombing in the capital, Islamabad, which killed 12 people and heightened tensions with neighbouring Afghanistan.
According to security sources on Thursday, those arrested include an alleged handler and a facilitator of the suspected Taliban bomber who detonated explosives in front of a court complex earlier in the week.
Two intelligence officials confirmed that the arrests were made in separate operations in Rawalpindi — adjacent to Islamabad — and in the north-western province of Khyber-Pakhtunkhwa, a known hub for Taliban activity.
“It seems there was a whole network behind the bombing. We are very close to making more headway and arrests,” one official told dpa under condition of anonymity.
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The rare suicide attack in the Pakistani capital has deepened strains between Islamabad and Afghanistan’s Taliban government, following a recent escalation of cross-border violence.
Pakistan has repeatedly accused Kabul of providing safe haven to the Pakistani Taliban — a distinct group from the Afghan Taliban but aligned in ideology and tactics. Afghan authorities, however, have denied the accusations, urging dialogue instead.
Tensions between the two countries flared last month after deadly border clashes and a series of militant incursions that Islamabad blamed on fighters based in Afghanistan.
Pakistan’s Interior Minister, Mohsin Naqvi, confirmed on Thursday that the suicide bomber was an Afghan national, describing the incident as part of a “growing trend” of foreign militants carrying out attacks inside the country.
Defence Minister Khwaja Asif, speaking to Geo News, warned that Pakistan could again resort to cross-border airstrikes targeting alleged militant hideouts in Afghanistan if such attacks persist.
The Islamabad bombing, which struck a crowded area near a judicial complex, was one of the deadliest to hit the capital in recent years, raising fresh concerns over Pakistan’s fragile security situation and its strained ties with Kabul.
Pakistan arrests suspects over deadly Islamabad bombing
International
Israeli settlers set mosque on fire in West Bank
Israeli settlers set mosque on fire in West Bank
Jerusalem, Nov. 13 (dpa/NAN) — Radical Israeli settlers have reportedly vandalised and set fire to a mosque in the occupied West Bank, the Palestinian news agency WAFA reported on Thursday.
According to the report, the attack occurred in a village in the north-western part of the territory in the early hours of the morning. The assailants allegedly sprayed racist slogans on the mosque’s walls before setting parts of the building ablaze.
Other media outlets said some of the graffiti contained insults against Prophet Mohammed written in Hebrew.
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The Israeli military said it had launched an investigation into the incident. There were no immediate reports of injuries, though video footage circulating in both Palestinian and Israeli media showed significant damage to the mosque.
Acts of vandalism and violence by radical settlers against Palestinians have risen sharply since the outbreak of the Gaza war in October 2023, which followed the Hamas-led attacks on Israel.
The period has also seen an overall increase in deadly clashes involving Palestinians and the Israeli army across the West Bank.
Human rights groups and Palestinian officials have frequently accused the Israeli military of failing to curb settler violence, which they say contributes to growing instability in the occupied territory.
Israeli settlers set mosque on fire in West Bank
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