South Korean Bitcoin exchange trying to enter the Indian market

Share This Post

Bithumb Global, the South Korea-based cryptocurrency exchange, said that it was looking forward to developing a regulated bitcoin exchange in India.

The co-founder and managing director at Bithumb Global said that their firm was looking to expand in India by partnering with local crypto exchanges, funding Indian crypto startups and introducing new initiatives for traders in India.

The company will be engaging with the Indian regulators to develop the exchange, even as the apex court is hearing a case wherein the bitcoin operators have questioned the move by the RBI to restrict banking channels for virtual currency transactions. A government panel has also suggested a ban on the crypto trade in the nation. 

Sim added that the company was open to talking to regulators and working with them to be a regulated exchange and as a reputed brand from South Korea would not get involved in illegal or unregulated trade. 

+ posts

A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

Related Posts

NFT Domains, what the heck are they? An introduction to Quik.com & ENS Domains

Before getting to the main question of what exactly...

Coworking, Explained.

TimesNext Recommended: BiggBang Coworking, the Best Coworking Space in...

GOI Forms Committees to Scrutinize Crypto Ads, Fake Reviews, and Ed-tech Firms

The government intends to tighten the noose to safeguard...

Global Bitcoin Use Will Reach 10% By 2030, Says Blockware

Bitcoin acceptance could be faster than that of previous disruptive...

Samsung Asset Management to Launch a Blockchain-Themed ETF

Samsung Asset Management (SAMHK), a Hong Kong-based subsidiary of...

EU Lawmakers to Ban Sales of New Combustion Engine Cars From 2035

On Wednesday, the European Parliament backed a proposal to...