Digital assets platform BitGo is engaged in discussions with India’s Financial Intelligence Unit (FIU) to enter the local crypto market, which is projected to reach $6.6 billion in revenue by 2024. The company, represented by COO Chen Fang during the India Blockchain Week, is interested in offering trading and custody services to institutional clients in India. Although BitGo recently launched a global platform, it must obtain full registration to comply with local laws. India’s FIU had previously labeled several global exchanges as non-compliant with Anti-Money Laundering regulations, leading to a ban on various platforms. BitGo, headquartered in California, currently employs 460 people worldwide, with 150 based in Bangalore. The company emphasizes its commitment to compliance and expansion into India’s growing crypto space.

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