The crypto exchange Bitget is currently pursuing jurisdictions with clear guidance for licenses from Indian regulators; exhibiting such commitment that culminated in their recent breakthrough in obtaining VASP licenses in Poland and Lithuania.
India apparently is one of the largest crypto markets in the world, licensing a top exchange in the mould of Bitget will be a significant gain for the industry. Additionally, Indian crypto users would be enjoying access to an exchange that prioritizes security, boasting of auditable Proof of Reserves, $300m Protection fund, Cold Wallet Storage etc.
While talks are ongoing between both parties, Bitget demonstrates transparency with the Indian crypto community by sharing the progress openly. Best we can do is hope for a breakthrough…at least for the future of crypto adoption!