The Supreme Court of India passed a rule to remove the restrictions from crypto trading companies as the Court cited there was no evidence that crypto trading could cause any tangible harm to the nation.
Binance and WazirX as the two have declared to provide funds valued at $50M to support the development of blockchain technology in the country.
Binance is a big exchange and it is never taken any wrong decision till now. WazirX is a big Indian exchange and acqurieng it might turn out to be beneficial for Binance. India is know for its software development and when you have so many local talents available why not utilise it for the future technology. Blockchain is the future and Binance is investing in the right direction.