Breaking news from the Indian crypto scene: after over two years of regulatory limbo, a major U.S.-based compliant exchange is reopening its doors to Indian traders. Even better? They're planning to roll out fiat on-ramp services sometime next year.

Let's rewind a bit. Back in 2022, this platform made its debut in India with high hopes. But things went sideways pretty fast when the National Payments Corporation of India refused to recognize their operations, effectively killing UPI integration. Without that crucial payment rail, the writing was on the wall. By 2023, they'd pulled the plug entirely and off-boarded their entire Indian user base.

Now here's the twist: the platform is back, and registration is live again for Indian users. The fiat gateway isn't here yet, but insiders say 2025 is the target. If they actually deliver on local currency deposits, it could reshape how millions of Indians access crypto markets. Regulatory winds might finally be shifting.