Bitget Seeks VASP License From India’s FIU

Krutika Adani

Bitget Explores New Markets

Following a digital asset license in Poland, Bitget has sought a similar Virtual Assets Service Provider (VASP) license in India.

After Kucoin and Binance Got Licenses

In the last couple of months, similar licenses were granted to Binance and KuCoin after both exchanges sought a similar permit from the FIU after paying their due penalties.

Binance Settled With a $2.5 Mn Fine

Binance alone had paid $2.5 million in penalties while KuCoin paid less than $50k.

No Further Details Furnished

Bitget provided no further details regarding the timeline or the kind of licence that it seeks.

Why Exchanges Seek To Enter India

Off-shore crypto exchanges have been seeking licenses to operate in India since December 2023, when authorities shadow-banned them.