INSUBCONTINENT EXCLUSIVE:
begun operations in India at a time when the government is preparing legislation to effectively bar most private
base in India for future expansion, its management said."With nearly a quarter of our total active users coming from India, it made sense
the pending clampdown on cryptocurrencies, Mr Tan said, "there have been policy flip-flops but we hope things are going to be positive and
we are optimistic that the Indian government will come out with a healthy framework for cryptocurrencies."Government is planning to
discourage trading in cryptocurrencies by imposing hefty capital gains and other taxes, two sources told Reuters earlier this month.It has
said that it will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda
global exchange to enter India in recent months, following in the footsteps of CrossTower which launched its local unit in September.The
price of the world's biggest cryptocurrency, Bitcoin, has more than doubled since the start of this year, attracting hordes of Indian
investors.Industry estimates suggest there are 15 million to 20 million crypto investors in India, with total crypto holdings of around 400
