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CryptoIntelligence 2024-07-04 23:22:00

Bitget Seeks Regulatory Approval in India to Enhance Compliance and Market Operations

Bitget Seeks Regulatory Approval in India to Enhance Compliance and Market Operations

Bitget, a major cryptocurrency exchange, is working with Indian regulators to secure the necessary licensing to operate in compliance with local laws. The company announced on July 3 that it has been in active discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. Simran Alphonso, Bitget’s head of global communications, emphasized the importance of this registration for tax compliance and operational transparency. “It also provides a safe ground to host meetups, interact with the community and run educational drives. It makes a crypto exchange more reliable and credible,” Alphonso noted. Alphonso further explained that

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