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Bitget Seeks Regulatory Approval In India To Enhance Compliance And Market Operations

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Bitget, a major cryptocurrency exchange, is actively engaging with Indian regulators to secure the necessary licensing to operate in compliance with local laws. The company announced on July 3 that it has been in discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration.

Importance of VASP Registration

Simran Alphonso, Bitget’s head of global communications, highlighted the significance of VASP registration for tax compliance and operational transparency. Alphonso emphasized, “It also provides a safe ground to host meetups, interact with the community and run educational drives. It makes a crypto exchange more reliable and credible.”

Alphonso further elaborated that FIU registration would enhance consumer protection by aiding in dispute resolution, fraud compensation, and support from civil forces in tracking down scammers.

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Current Operational Challenges

Despite currently operating in India, Bitget faces challenges due to the lack of VASP registration. Alphonso noted, “There’s difficulty for new users to access Bitget apps on Google Play Store and App Store while existing users can use the app with all its available features.” However, she did not specify the exact services Bitget offers its current users in India.

Commitment to the Indian Market

Despite these hurdles, Alphonso expressed Bitget’s strong commitment to the Indian market, describing it as a “high-priority market” for the company.

Recent Developments and Compliance Efforts

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Bitget’s move towards compliance comes in the wake of recent approvals by India’s FIU for VASP applications from other major exchanges like Binance and KuCoin in May 2024. These approvals reinstated their legal status in India after the FIU had issued noncompliance notices to nine crypto exchanges, including Binance and KuCoin, in late 2023.

Due to these compliance issues, apps from Binance, KuCoin, Bitget, Huobi, OKX, Gate.io, and MEXC were blocked on Apple’s App Store in India in December last year. KuCoin reportedly paid a penalty of $41,000 and resumed operations in May 2024. The FIU also fined Binance $2.25 million for servicing Indian clients without adhering to local Anti-Money Laundering rules.

Alphonso stated, “Currently other global exchanges — like KuCoin and Binance — have paid penalties and are now completing the registration to restore full services. This is now the same case with Bitget — it’s applied for registration and is currently in talks with the regulators.”

Bitget’s active engagement with Indian regulators and pursuit of VASP registration underscores its commitment to operating within legal frameworks and enhancing its credibility and reliability. By obtaining the necessary licensing, Bitget aims to ensure tax compliance, operational transparency, and robust consumer protection, thereby strengthening its position in the high-priority Indian market.

Source: cryptodality.co.uk

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The post Bitget Seeks Regulatory Approval In India To Enhance Compliance And Market Operations appeared first on HIPTHER Alerts.

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Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3)

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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.

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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.

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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

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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.

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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.

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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

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Fintech as a Service (FaaS) Market

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From Apes to Humans: ApeChain Joins Humanity Protocol’s zkProofer Network to Scale Proof of Humanity

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Humanity Protocol, a leader in on-chain Proof of Humanity (PoH) and decentralized identity, is today announcing its partnership with ApeChain, the blockchain powering the ApeCoin ecosystem. ApeChain will join Humanity Protocol’s zkProofer network, a decentralized infrastructure for privacy-preserving identity verification. This partnership positions ApeChain at the forefront of integrating Sybil-resistant, human-centric identity solutions, enhancing governance, utility, and trust across the ApeCoin ecosystem.
Humanity Protocol has established itself as the leading identity layer for Web3 with over 2.5 million users onboarded during its testnet and an impending mainnet launch. Humanity Protocol leverages its Self-Sovereign Identity (SSI) framework and PoH technology to deliver unique human authentication for decentralized applications. zkProofers, key components of this framework, validate identities using zero-knowledge proofs, ensuring privacy while maintaining trust. As a zkProofer, ApeChain will play a pivotal role in scaling this identity network, enabling privacy-preserving verification for its users without compromising personal data.
ApeChain, the blockchain underpinning the vibrant ApeCoin ecosystem, supports decentralized applications across NFTs, DeFi, gaming, and governance. Its commitment to scalability, security, and interoperability makes it an ideal partner for Humanity Protocol. By integrating PoH and becoming part of the zkProofer network, ApeChain is elevating its ecosystem with innovative identity solutions designed to bridge the gap between the digital and physical worlds.
With Proof of Humanity, ApeDAO governance will benefit from greater transparency and fairness. Verified human identities tied to voting will prevent Sybil attacks and foster genuine community engagement while maintaining user privacy. This partnership addresses longstanding challenges in decentralized governance, enabling ApeDAO to operate more effectively and equitably.
Terence Kwok, Founder and CEO of Humanity Protocol said: “Partnering with ApeChain as a zkProofer is a significant milestone in advancing decentralized identity. Humanity Protocol’s Proof of Humanity framework will enhance governance, unlock new utility for NFTs, and create privacy-preserving experiences that bridge digital ownership with real-world interactions. This collaboration represents a shared commitment to building secure, human-centric systems that drive innovation in Web3.”
Waabam, ApeCoin Special Council Member and ApeChain Director, said: “This partnership with Humanity Protocol represents a pivotal step forward for the ApeCoin and ApeChain ecosystem. By joining Humanity Protocol’s zkProofer network and integrating its groundbreaking Proof of Humanity technology, we are enhancing not only the security and fairness of our governance processes but also unlocking new possibilities for utility and engagement across our ecosystem.”

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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