Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations.
Major cryptocurrency exchange Bitget is working with regulators in India to receive licensing required for serving the market in compliance with local laws.
Bitget has been in active discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration, the firm announced on July 3.
The registration will unlock a clear route to abide by tax compliances and maintain operational transparency, Bitget’s head of global communications, Simran Alphonso, told Cointelegraph.