Bitget in “active discussions” with Indian regulators to obtain local cryptocurrency license

Odaily News Bitget announced on July 3 that the company has been in active discussions with India's Financial Intelligence Unit (FIU) to obtain local virtual asset service provider (VASP) registration. Bitget's head of global communications Simran Alphonso said that registration will open a clear path for complying with tax regulations and maintaining operational transparency. She added that FIU registration also helps with consumer protection, such as dispute resolution, fraud compensation, and civil force support for tracking down scammers. Alphonso did not elaborate on the specific cryptocurrency services Bitget currently provides to existing users. (Cointelegraph)