Blockchain
Crypto Exchange Bitget Looks to Expand to India as Regulated Platform
Bitget, a well-known crypto derivatives exchange, is planning to expand its operations into India, one of the world’s most populous nations, in compliance with the country’s regulatory requirements. In a lengthy post on X, the company’s head of global communications, Simran Alphonso, said the firm is in talks with Indian regulators to acquire an operational license to enable it to legally serve its customers in the region.
Regulatory Pursuit in India
Alphonso revealed the company sees India as an important market for its business offerings and is currently pursuing a regulatory license to serve as a compliant platform for crypto trading. “India is a high-priority market for Bitget. We’re actively navigating through regulations to make sure the platform is compliant for us to serve our users in India,” she wrote on X. Bitget also described the nation as a “playground for blockchain and crypto,” noting that it has contributed significantly to the growth of the industry thanks to its massive population and highly skilled talent.
In 2022, India emerged as one of the leading countries with the highest adoption rate for cryptocurrencies. According to data from blockchain analytics company Chainalysis, the nation ranked second after the United States in terms of global transaction volume.
Global Compliance Efforts
Bitget said its pursuit of operational licenses in jurisdictions with clear regulatory frameworks has awarded it two licenses outside of India. The firm has received regulatory approval from financial regulators in both Poland and Lithuania to serve as a virtual asset service provider (VASP) within the European nations.
The exchange has now set its sights on the Indian market and plans to provide more updates regarding its progress in the coming weeks. However, it is important to note that Bitget currently offers crypto trading services to Indian users. According to the company’s website, the exchange is legally registered in the country.
Bitget began servicing Indian users in April 2022 when the country newly introduced its crypto taxation law that requires traders to report 30% of their earnings to the nation’s Central Board of Direct Taxes (CBDT). During that time, the government allowed offshore crypto service providers to operate in compliance with Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) laws within the nation.
Compliance Challenges and Setbacks
However, the regulatory landscape changed for crypto exchanges when the country’s Financial Intelligence Unit (FIU) discovered that some of the offshore companies had failed to comply with the AML/CFT rules while still catering to their customers in the country. In December 2023, the regulator demanded that the nation’s Ministry of Electronics and Information Technology ban the URLs of nine crypto exchanges operating within the country, forcing them to close their businesses. These non-compliant exchanges included Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. The country now imposes stringent regulations, demanding the exchanges to register with FIU before operating within the nation.
In April 2024, Binance reportedly paid a fine of $2.2 million to the country’s financial regulator to enable the company to return to the Indian market as a regulated exchange.
Source: coinspeaker.com
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Blockchain
Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3)
Introduction
The blockchain and cryptocurrency industry continues to evolve, with major advancements in institutional adoption, regulatory modernization, and innovative applications. Today’s roundup covers Dogecoin’s new blockchain strategy, the U.S. Army’s use of blockchain for tracking aid, notable blockchain startups, domain challenges for Web3 companies, the first AI blockchain agent, and Luxembourg’s legal updates for custody chains. Let’s break down the biggest headlines shaping the future of blockchain technology and decentralized finance.
Dogecoin Unveils Strategic Blockchain Movement
Expanding Beyond a Meme Coin
Dogecoin, often viewed as a lighthearted cryptocurrency, is making serious strides toward blockchain utility with a new strategic initiative aimed at expanding its use case beyond simple transactions. The Dogecoin Foundation has announced plans to integrate layer-2 solutions, smart contracts, and interoperability features, potentially positioning DOGE as a serious competitor in the decentralized finance (DeFi) space.
This move signals a shift in the perception of Dogecoin, which has long relied on community-driven momentum. With the new strategy, DOGE could become an integral part of the growing Web3 ecosystem.
Source: Crypto Briefing
U.S. Army Utilizes Blockchain for Aid Tracking in Ukraine
Military Adopts Emerging Tech for Transparency
The U.S. Army is leveraging blockchain, big data, and generative AI to track billions of dollars in aid sent to Ukraine. This marks a significant step in blockchain’s adoption by governments and defense agencies to enhance transparency and prevent fraud.
By using blockchain for immutable record-keeping, military officials aim to improve logistics tracking, reduce inefficiencies, and ensure secure auditing of aid distribution. This could set a precedent for future government adoption of blockchain-based verification systems.
Source: Breaking Defense
10 Blockchain Startups to Watch in 2025
Innovation Driving the Next Wave of Web3
A new report highlights ten emerging blockchain startups poised to disrupt industries from finance to supply chain management. These companies are working on scalable smart contracts, decentralized identity solutions, and improved cross-chain interoperability.
Among the standout names are startups focusing on privacy-preserving transactions, institutional DeFi tools, and real-world asset tokenization, reinforcing blockchain’s growing role in mainstream finance and enterprise adoption.
Source: Yahoo Finance
Web3 Companies Struggle with Domain Name Challenges
Decentralization vs. Traditional Domain Ownership
As blockchain companies push forward with Web3 adoption, many are encountering significant hurdles in securing relevant domain names. Unlike traditional domains governed by ICANN, blockchain-native domains such as .crypto and .eth exist outside standard regulatory frameworks, leading to disputes and accessibility issues.
Industry experts are calling for greater collaboration between blockchain projects and domain registrars to ensure seamless Web3 adoption while maintaining online accessibility for users.
Source: Domain Name Wire
Klaus Agent Becomes the First Blockchain AI to Use Custom DeepSeek Model
AI and Blockchain Converge
The Klaus Agent, an AI-powered blockchain agent, has integrated the DeepSeek AI model to enhance decision-making, smart contract automation, and decentralized application (dApp) intelligence. This innovation represents a major step in merging artificial intelligence with blockchain networks, allowing for more sophisticated automation in DeFi, NFT trading, and DAO governance.
As AI and blockchain continue to converge, the potential for autonomous smart contract execution and predictive analytics is expected to grow, leading to more efficient decentralized systems.
Source: GlobeNewswire
Luxembourg Modernizes Custody Chain Laws for Blockchain
A Legal Framework for Tokenized Assets
Luxembourg, a key financial hub in Europe, has updated its custody chain regulations to accommodate blockchain-based assets. These changes are designed to facilitate institutional adoption of tokenized securities and digital asset custody solutions.
By providing a clear regulatory framework, Luxembourg aims to attract fintech firms, investment funds, and digital asset custodians, further strengthening its position as a leader in blockchain finance.
Source: National Law Review
Conclusion
The latest blockchain developments underscore the rapid evolution of the industry, from Dogecoin’s strategic shift to military adoption of blockchain for transparency. As AI and blockchain begin to merge, and governments refine regulations, we are witnessing a pivotal moment in decentralized technology.
With institutional interest growing and regulatory frameworks taking shape, blockchain and Web3 technologies are moving closer to mainstream acceptance. Stay tuned for the next Blocks & Headlines briefing as we continue to track the most significant trends shaping the future of decentralized finance and digital assets.
The post Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3) appeared first on News, Events, Advertising Options.
Blockchain
Fintech as a Service Business Research Report 2025: Global Market to Reach $1.1 Trillion by 2030 from $387 Billion in 2024 – SMB Adoption of Fintech Services Spurs Market Expansion Opportunities
Fintech as a Service (FaaS) Market
Blockchain
From Apes to Humans: ApeChain Joins Humanity Protocol’s zkProofer Network to Scale Proof of Humanity
The post From Apes to Humans: ApeChain Joins Humanity Protocol’s zkProofer Network to Scale Proof of Humanity appeared first on News, Events, Advertising Options.
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