經過計算的監管機構可能會減輕限制，主要的加密玩家正在返回印度

據彭博社報導，主要的加密貨幣參與者正在肯定的賭注，即監管機構可能會減輕對數字資產交易的限制。

Major cryptocurrency players are returning to India in a calculated bet that regulators in the South Asian nation may ease restrictions on digital-asset trading, even as their rivals are winding down operations.

重大的加密貨幣參與者正在一個估計的賭注中返回印度，即南亞國家的監管機構可能會減輕對數字資產交易的限制，即使他們的競爭對手正在結束運營。

Coinbase Global Inc (NASDAQ:COIN), the U.S. exchange, has recently registered with India’s Financial Intelligence Unit (FIU) as part of a plan to roll out its retail trading platform and boost investments in the world’s most populous country.

美國交易所Coinbase Global Inc（NASDAQ：COIN）最近在印度的金融情報部門（FIU）註冊，這是推出其零售貿易平台並促進世界上人口最多的國家的投資的計劃的一部分。

The move, which follows local registrations by Binance, Bybit and KuCoin, underscores a renewed interest in the Indian market following a period of uncertainty and a shift in the global policy landscape.

此舉是按照本地統一的當地註冊，Bybit和Kucoin進行的，突顯了一段不確定性和全球政策格局的轉變後，強調了印度市場的重新興趣。

Following its G20 presidency earlier this year, India had hoped to release a consultation paper on crypto regulation. But with no progress made since then, and shifts in the global scene, New Delhi is now revisiting the issue.

在今年早些時候擔任G20總統職位之後，印度曾希望發布有關加密法規的諮詢文件。但是自那時以來就沒有取得任何進展，並且在全球場景中發生了變化，新德里現在正在重新審視這個問題。

"In the last 12 months, more than one jurisdiction has changed their stance significantly," Ajay Seth, secretary of India’s Department of Economic Affairs, said at a recent roundtable.

印度經濟事務部部長阿賈伊·塞斯（Ajay Seth）在最近的一次圓桌會議上說：“在過去的12個月中，多個管轄權已大大改變了立場。”

Pointing to the risks posed by using digital assets such as stablecoins and the potential for crypto to facilitate multilateral capital flows, which could impact emerging economies like India, Seth added: "We were ready with a discussion paper, but we now need to recalibrate it due to these changes."

指出使用數字資產（例如Stablecoins）和加密貨幣促進多邊資本流的潛力所帶來的風險，這可能會影響印度等新興經濟體，塞思補充說：“我們已經準備好使用討論文件，但是由於這些變化，我們現在需要對其進行重新校準。”

Despite local restrictions, India has emerged as a critical hub for blockchain development, with its global share of specialised developers increasing from 4.0 per cent in 2018 to 12 per cent in 2024, second only to the U.S., according to Electric Capital. Crypto exchanges including Coinbase and Gemini have engineering hubs in India.

儘管有地方限制，但印度還是成為區塊鏈開發的關鍵樞紐，其全球專業開發商份額從2018年的4.0％增加到2024年的12％，僅次於美國。包括Coinbase和Gemini在內的加密交易所在印度擁有工程樞紐。

"India is a huge market, and you can’t ignore it if you have a

“印度是一個巨大的市場，如果您有一個