{"id":44376,"date":"2024-09-25T06:39:28","date_gmt":"2024-09-25T06:39:28","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=44376"},"modified":"2024-09-25T06:39:48","modified_gmt":"2024-09-25T06:39:48","slug":"cyril-amarchand-mangaldas-advises-binance-holdings-limited-on-regulatory-compliance-market-reintegration-and-strategic-operations-in-india","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/cyril-amarchand-mangaldas-advises-binance-holdings-limited-on-regulatory-compliance-market-reintegration-and-strategic-operations-in-india\/","title":{"rendered":"Cyril Amarchand Mangaldas advises Binance Holdings Limited on Regulatory Compliance, Market Reintegration and Strategic Operations in India"},"content":{"rendered":"<p><strong>Cyril Amarchand Mangaldas (CAM) advises Binance Holdings Limited, the largest global crypto assets exchange, in its strategic entry and resumption of operations in India.<\/strong> <!--more-->Our firm provided comprehensive counsel on navigating through complex regulatory compliance, involving\u00a0 multiple legal, tax and compliance challenges, including: (i) registration as a virtual digital asset service provider (VDASP) and resumption of its operations in India by liaising with the Financial Intelligence Unit &#8211; India (FIU-IND); (ii) withdrawal of the prohibitory App \u2018<em>take-down<\/em>\u2019\u00a0orders imposed by the Ministry of Electronics and Information Technology (MEITY) in December 2023; (iii) unblocking of its application on Google Play \/\u00a0Apple App stores and its website;\u00a0(iv) assisting Binance on its proceedings before the Directorate General of GST Intelligence\u00a0(DGGI); and (v) deploying a comprehensive stakeholder engagement plan for establishing Binance&#8217;s operations in India, ensuring alignment with regulatory authorities and market stakeholders.<\/p>\n<p><strong>The <\/strong><strong>Financial Services Regulatory Practice (FSRP) &amp; Tax<\/strong> <strong>team of<\/strong> Cyril Amarchand Mangaldas advised on the matter. The transaction was led by <strong>Anu Tiwari, <\/strong><em>Partner&amp; Head &#8211; Fintech and FSRP;<\/em> <strong>Pallavi Rao, <\/strong><em>Partner;<\/em> and <strong>Gauhar Mirza, <\/strong><em>Partner;<\/em> with support from <strong>Hiral Gupta, <\/strong><em>Principal Associate; <\/em><strong>Aditya Sarkar, <\/strong><em>Associate;<\/em><strong> Sanya Rizvi, <\/strong><em>Associate;<\/em> and<strong> Abhyuday Jaiswal, <\/strong><em>Associate.<\/em><\/p>\n<p>The tax team was led by<strong> Kunal Savani<\/strong>, <em>Partner;<\/em> with support from <strong>Bipluv Jhingan, <\/strong><em>Principal Associate;<\/em> <strong>Shivam Garg, <\/strong><em>Principal Associate;<\/em> and \u00a0<strong>Lakshya Gupta, <\/strong><em>Associate.<\/em><\/p>\n<p><strong>Arjun Goswami, <\/strong><em>Director, Public Policy;<\/em> &amp; <strong>Praveen Singh, <\/strong><em>Senior Associate <\/em>advised on public policy aspects<em>.<\/em><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-44376","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/44376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=44376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}