Major cryptocurrency exchange Bitget is working with Indian regulators to obtain the licensing required to serve the market in compliance with local laws.
Bitget has been actively discussing with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration, the firm announced on July 3.
Bitget’s head of global communications, Simran Alphonso, told Cointelegraph that the registration would unlock a clear route to abide by tax compliance and maintain operational transparency.
Complete article : Bitget in ‘active discussions’ to obtain India license
After Kucoin and Binance now Bitget is showing their interest to compliant with FIU and resume their trading operations.
This is actually nice to see. It's good that they're taking the compliance route and they're transparent with the information. Giving Indian users something to smile about..They also recent obtained VASP licenses in Poland and Lithuania