South Korea based highly-reputed cryptocurrency exchange, Bithumb Global has announced that is gearing up to launch a regulated bitcoin exchange in India with an intention to proliferate cryptocurrency trade in the Indian market space.
According to the news broadcast, Bithumb Global will strive to engage in negotiations with the Indian regulatory bodies to put in the first step towards building the new exchange.
The highest judicial power of the country, the Supreme Court is addressing the case put by the bitcoin operators where they have raised questions on the leading banking regulatory of India, the Reserve Bank of India to block banking channels for facilitating virtual currency trading. A government panel has also suggested a ban on the trading of cryptocurrencies in the Indian Territory.
Javier Sim, the co-founder and managing director of Bithumb Global stated that his firm has planned to exploit the Indian financial space by collaborating with native cryptocurrency exchanges, provide crucial funding to India-based cryptocurrency startups, as well as the introduction of new initiatives to induce Indian traders. Read More...