Tiger-Backed Crypto CEO Says Talks With India Regulators Ongoing

Bourse co-founder describes Q&A phase with government
Singhal’s CoinSwitch Kuber is India’s largest crypto exchange

WATCH: The Founder and CEO of Indian cryptocurrency unicorn CoinSwitch Kuber, Ashish Singhal, discusses India’s rapidly growing market for digital coins. (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Ganesh Nagarajan

October 19, 2021 at 9:24 AM UTC

This article is for subscribers only.

The cryptocurrency industry is in talks with the Indian government and regulators to assuage their concerns about the sector, according to India’s largest crypto exchange.

CoinSwitch Kuber, which is backed by Tiger Global, Sequoia and Coinbase Ventures, has about 10 million users on its exchange -- and about half of them are around their mid-20s, according to co-founder and chief executive officer Ashish Singhal. The bourse is in a question-and-answer phase with regulators and has made “amazing progress,” he said.