India’s largest bitcoin exchange has said it has opened its doors in the United States, and said it aims to serve a wider range of customers, including US financial institutions.
Launched in January 2018, New Indian Exchange said it had been approached by major US financial services providers to open an office in the state of Delaware.
The company, which also operates in Canada, is based in Bengaluru, India.
India’s central bank has said that its central bank will regulate bitcoin and other digital currencies, which are largely unregulated.
But the central bank does not regulate the exchange, which allows people to trade in and out of bitcoin for cash, or other currencies.
Bitcoin is the most widely traded virtual currency.
It was created in 2009 by a mysterious programmer who dubbed himself Satoshi Nakamoto.
It’s also used for online transactions and for payments.