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BitGo is in discussions with the Indian encryption regulatory agency to enter the local market
Odaily Planet Daily News digital asset platform BitGo is in discussions with the Indian Cryptocurrency regulatory agency to enter the local market. BitGo's Chief Operating Officer, Chen Fang, stated during the Indian Blockchain Cycle that the company has been engaged in active dialogue with the Financial Intelligence Unit (FIU) of India. Despite recent bans on offshore cryptocurrency exchanges, the country ranks high in the 2024 Chainalysis Cryptocurrency Adoption Index. According to Statista, India's cryptocurrency market revenue is projected to reach $6.6 billion in 2024. Fang added, "We have not entered the Indian market yet. We are obviously very interested in this market. We are actively in dialogue with FIU, discussing entry into this field." (Cointelegraph)