A compliant platform returns to India: crypto-to-crypto trading launches first, fiat deposits to wait until 2026

LiquidityWitch · 2025-12-08T01:36:19+00:00

A compliant platform has reopened its app registration channel in India, but currently only supports crypto-to-crypto trading. Users will have to wait until 2026 to buy crypto with rupees. The platform, which launched in India in 2022, had previously exited completely due to UPI payment issues. It is now reopening, but limited to crypto-to-crypto exchanges.

LiquidityWitch

2025-12-08 01:36:19

Abstract generation in progress

[Bitpush] After more than two years of suspension, a certain compliant platform has quietly reopened its app registration channel in India. However, for now, users can only conduct crypto-to-crypto trading—want to buy crypto with rupees? You’ll have to wait until 2026. John O’Loghlen, the platform’s APAC head, revealed this timeline at India Blockchain Week.

Looking back, the platform launched in India in 2022, but ran into trouble just days later. The issue was with UPI payments—India’s National Payments Corporation (NPCI) outright denied involvement, saying they never approved the platform’s access. As a result, the platform was forced to cut off the UPI channel. By 2023, it exited the market entirely, asking users to empty their accounts and leave.

Now, the platform is back, but only supports crypto-to-crypto exchanges. To fully enable fiat trading, it looks like users will have to wait another year or so.

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BakedCatFanboy

· 2025-12-11 01:18

Another year or more to wait? The regulations in India are really a headache.

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NFTRegretful

· 2025-12-10 18:34

2026? Dude, that's an overly optimistic timeline. If regulations change in India, it'll probably be delayed by another two years.

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RugResistant

· 2025-12-08 02:05

India's regulations are really something else. Two years after things went wrong, they're still "testing the waters," and fiat currency won't be available until 2026? This pace is honestly ridiculously slow.

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TopBuyerForever

· 2025-12-08 02:05

Here we go again, it's been two years and we're still waiting? Is it really that hard to crack the Indian market? Wait, fiat on-ramp won't be available until 2026? Do I have to survive until then to buy the dip with rupees? Will it really last more than a year this time? I doubt it. Didn't you learn enough from the UPI fiasco? If you're going to be compliant, just be compliant—stop dragging it out like squeezing toothpaste.

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DAOdreamer

· 2025-12-08 01:57

Haha, this tricky move... India again, and waiting until 2026? With such a long gap in between, the users will probably be gone by then.

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PrivateKeyParanoia

· 2025-12-08 01:56

Messing around with India again, can it last more than a month this time?

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