What will the impact of Binance's re-entry in the Indian crypto market?

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What will the impact of Binance's re-entry in the Indian crypto market?

Greetings friends!

Recently the crypto giant exchange Binance was allowed to resume its services in India after paying 3 million USD as penalty. This seems a good news. However, in India one need to pay heavy taxes on crypto trade.
What will the impact of Binance's re-entry in the Indian crypto market?

  • It will have positive impact.
  • It will have negative impact as the government will be able to trace and punish crypto users.
  • It won't make any difference as people are already switched to other platforms.

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  • It will have positive impact.
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  • It won't make any difference as people are already switched to other platforms.
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