Singapore’s Coinstore enters India despite regulatory limbo; cites ‘optimism’
ambcrypto.comIndia’s lack of regulatory clarity on the question of cryptos has left many stakeholders in limbo. From a curtailment in marketing by exchanges to investors falling out, a lot has been happening in the country. However, India’s growing market seems just too lucrative for some to miss out on.
Despite these regulatory hurdles, Singapore-based crypto-exchange Coinstore has begun its operations in India, with the launch of its web and app platform. It also plans branches in metropolitan cities like Bangalore, New Delhi, and Mumbai, which will act as bases for further expansion into the country, its management told Reuters.
Head of Marketing Charles Tan further noted,
“With nearly a quarter of our total active users coming from India, it made sense
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