Although Binance, one of the world’s leading digital asset exchanges, has recently suffered legal troubles in multiple countries, the firm has received the green light to conduct business operations in two growing markets: India and Dubai.Binance has been entangled in a series of legal problems throughout the past several months. In addition to a major lawsuit from the US Department of Justice (DoJ) that saw the company punished with a multi-billion dollar fine and the removal of its CEO, Binance’s platform has also been blocked in several countries. A particularly dramatic episode was in the case of Nigeria, where two executives were detained on money laundering charges; one of these executives managed to elude his guards on a trip to a nearby mosque, and fled the country. Considering that Nigeria is one of the world’s largest countries by population, Binance’s ejection from this market seems like a particularly harsh blow.Nevertheless, despite these setbacks, Binance has taken several key steps to recover its lost ground. It was first ejected from the Republic of India in January 2024, after the country’s Financial Intelligence Unit (FIU) became aware that the company had not officially registered with them and was not compliant with regulations for exchanges. By flouting these regulations, Binance was able to avoid a controversial 30% tax on digital assets, and as a result, Indians flocked to it; local media reported that a mind-boggling 90% of Indian nationals’ digital asset holdings were kept with Binance. Binance was not the only exchange hit with this punishment from the FIU, but it was undoubtedly the largest.However, although local media also quoted an anonymous official as saying that “there is no room for negotiations, and no global powerhouse can command special treatment, especially at the cost of exposing the country’s financial system to vulnerabilities”, the Indian government has imposed a surprisingly light penalty on the company. In addition to undertaking reforms to achieve compliance with FIU regulations and registration, Binance has been asked to pay a $2 million fine to recover the Indian market. Obviously, considering that the United States government imposed a fine of more than $4.3 billion in recent court cases, this deal is a no-brainer. Binance’s official re-opening in India has not yet been finalized, but the main breakthrough has apparently been achieved.