2025-12-08 04:27:09

A major compliant platform just flipped the switch back on for Indian users. Registration's live again, and they're eyeing 2026 for something bigger—direct fiat deposits. No more workarounds. Just funds in, crypto out.

Context matters here. They tried this dance back in 2022. Walked in confident, hit a wall when UPI payment rails got restricted. Had to pull back. Now they're circling back with what looks like a longer game plan. Fiat on-ramp means local currency flowing straight into the system—a real test of whether regulatory winds have shifted or if they've just found a new angle to work with.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
8
Repost
Share

Comment

0/400

GrayscaleArbitrageur

· 12-09 03:29

Here comes India again. I still haven't forgotten the lesson from 2022, and now they want to enable direct fiat deposits again... To put it bluntly, they're betting on a shift in regulatory attitude, or they've found a new loophole to exploit.

View OriginalReply0

DegenMcsleepless

· 12-08 10:32

I still haven't forgotten all that turmoil in 2022, and now it's back again... Will it go smoothly this time? --- Is fiat on/off-ramp really coming? Has India changed its regulatory stance or did the platform figure something out on its own? --- A direct fiat channel... If it really works, it depends on what the Indian government does next. --- Waiting till 2026 again, what's the rush... Anyway, regulation is always unpredictable. --- Waiting online to see how long it lasts this time. --- Once fiat onramp opens up the Indian market, it'll be a whole different game—there's so much money to be made. --- Is history repeating itself or is it a new script? So many people lost out last time, who would believe it now? --- Indian users can participate again... To put it nicely, it's called compliance; to put it bluntly, everyone's just testing the limits.

View OriginalReply0

MagicBean

· 12-08 09:58

Here comes India again? The 2022 playbook failed, and now they still dare to bet on 2026? Do they really think the regulators are asleep?

View OriginalReply0

GhostChainLoyalist

· 12-08 04:52

Is India making a move again? After crashing once in 2022, do they really have confidence this time or are they just gambling again?

View OriginalReply0

MemeEchoer

· 12-08 04:51

Here we go again, is the story from 2022 repeating itself? Can they really break through the UPI hurdle this time? Direct fiat deposits sound great, but in India... it's better to be cautious. What's the probability of things going smoothly by 2026? Is this just finding a new "angle," or is there really some policy relaxation? We'll just have to wait and see. Opening registration during the floor price period is quite a move. They promised no more detours, but it looks like we'll have to wait another two years to see the real outcome. If the UPI issue isn't resolved, they'll have to keep struggling with it sooner or later.

View OriginalReply0

MidnightSeller

· 12-08 04:41

The lessons from 2022 haven't been forgotten yet. Can it really work out this time? It still feels like a gamble on the regulators' stance...

View OriginalReply0

GweiWatcher

· 12-08 04:38

Is it coming to India again? The one in 2022 was really awkward... Will it be cannon fodder again this time?

View OriginalReply0

NFTragedy

· 12-08 04:29

Are they starting up again in India? They crashed in 2022, and now they're back. Feels like they're just betting on regulatory easing...