经过计算的监管机构可能会减轻限制，主要的加密玩家正在返回印度

据彭博社报道，主要的加密货币参与者正在肯定的赌注，即监管机构可能会减轻对数字资产交易的限制。

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.

重大的加密货币参与者正在一个估计的赌注中返回印度，即南亚国家的监管机构可能会减轻对数字资产交易的限制，即使他们的竞争对手正在结束运营。

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.

美国交易所Coinbase Global Inc（NASDAQ：COIN）最近在印度的金融情报部门（FIU）注册，这是推出其零售贸易平台并促进世界上人口最多的国家的投资的计划的一部分。

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.

此举是按照本地统一的当地注册，Bybit和Kucoin进行的，突显了一段不确定性和全球政策格局的转变后，强调了印度市场的重新兴趣。

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.

在今年早些时候担任G20总统职位之后，印度曾希望发布有关加密法规的咨询文件。但是自那时以来就没有取得任何进展，并且在全球场景中发生了变化，新德里现在正在重新审视这个问题。

"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.

印度经济事务部部长阿贾伊·塞斯（Ajay Seth）在最近的一次圆桌会议上说：“在过去的12个月中，多个管辖权已大大改变了立场。”

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."

指出使用数字资产（例如Stablecoins）和加密货币促进多边资本流的潜力所带来的风险，这可能会影响印度等新兴经济体，塞思补充说：“我们已经准备好使用讨论文件，但是由于这些变化，我们现在需要对其进行重新校准。”

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.

尽管有地方限制，但印度还是成为区块链开发的关键枢纽，其全球专业开发商份额从2018年的4.0％增加到2024年的12％，仅次于美国。包括Coinbase和Gemini在内的加密交易所在印度拥有工程枢纽。

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

“印度是一个巨大的市场，如果您有一个