Bitget's COO highlighted that regulatory compliance is essential for the growth of India's cryptocurrency sector. As India enforces stricter financial oversight, including anti-money laundering (AML) measures, crypto platforms like Bitget are navigating complex challenges. Bitget is actively seeking a Virtual Asset Service Provider (VASP) license to align with local laws, ensuring operational transparency and user protection. This compliance would enable improved trust, seamless access, and better collaboration with authorities to counter fraud. India's regulatory focus includes high taxation and scrutiny of non-compliant entities, making adherence crucial for market sustainability.