Compartilhe este artigo
India’s Newest Crypto ‘Unicorn’ CoinSwitch Kuber in Talks with Government over Regulation: Report
CEO Ashish Singhal said the company is making “amazing progress” in its conversations with the government and regulators.
Por Jamie Crawley
Indian cryptocurrency exchange CoinSwitch Kuber is in talks with India’s government over regulation of the industry, CEO Ashish Singhal said in an interview with Bloomberg on Tuesday.
- Singhal said conversations with the government and regulators are in a “Q&A phase.”
- “Regulators are engaging with industry leaders like us and industry bodies and trying to understand cryptocurrencies – and we do understand the stance of the government.”
- However, he admitted there are “fundamental flaws” in crypto which mean it does not abide with some of India’s laws.
- The Indian government appears to have relaxed its plans to outright ban crypto, which was mooted earlier this year. Instead, the government is said to be in discussions to regulate the use of crypto in illegal transactions.
- CoinSwitch Kuber recently became India’s second crypto unicorn when a $260 million funding round led by Andreessen Horowitz and Coinbase Ventures gave it a valuation of $1.9 billion.
- With 10 million customers at present, the exchange has set a goal of onboarding 50 million Indians via new crypto products and services such as lending and staking.
Read more: India Could Launch CBDC Trials Later This Year, According to Central Bank Governor: Report
STORY CONTINUES BELOW
Mais para você
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
Canadian Province Wins Forfeiture of $1M QuadrigaCX Co-Founder's Cash & Gold via Default Judgment
The ruling transfers cash, gold bars, watches, and jewelry seized from a CIBC safety deposit box and bank account into government hands after Patryn did not defend the case.
O que saber:
- The Supreme Court of British Columbia has forfeited $1 million in cash and gold tied to QuadrigaCX's co-founder, Michael Patryn, to the government.
- Patryn did not contest the forfeiture, which involved 45 gold bars, luxury watches, and over $250,000 in cash seized under an Unexplained Wealth Order.
- The forfeiture may lead to a process determining if any assets can be directed to QuadrigaCX's creditors, who received 13 cents on the dollar in the bankruptcy settlement.
Top Stories
