India is a leading country on crypto adoption, with digital asset revenues expected to surpass $6 billion in 2024.
Digital assets platform BitGo is in discussions with India’s crypto watchdog to enter its multibillion-dollar local market.
The company has been holding “active conversations” with India’s Financial Intelligence Unit (FIU), BitGo chief operating officer Chen Fang told Cointelegraph during the India Blockchain Week.
The country ranked at the top of Chainalysis’ crypto adoption index in 2024 despite a recent ban on offshore crypto exchanges. Data from Statista foresees India’s crypto market revenue to reach $6.6 billion in 2024.
