The recent Supreme Court’s quash on RBI’s ban of cryptocurrencies, rejoiced Indian cryptocurrency enthusiasts big time, and the opportunities and the volume of cryptocurrency exchanges in India have started to evolve widely. If you are one of the entrepreneurs aspiring to commence your own exchange in India, here is a list of legal procedures that you need to follow, without exception.

Legal procedures to commence an exchange in India

The first and the foremost step is to conduct detailed research, and understand how the legalization works in India as there are currently only a few operating in the country and the legalization procedures haven’t been stated clearly by the government yet.
Secondly, you need to find out where and how to register your crypto exchange under the Indian Constitution and obtain a proper license for the exchange.
Then, you need to make sure your exchange comprises proper location-based KYC/AML procedures.
You need to ensure 100% that your exchange is legally compliant and an established legal entity. You need to prepare your necessary legal documents before setting up the exchange.

Last, but not least, conduct research and partner with the best crypto exchange legal consultation services team.
I would suggest you go with one of the most experienced companies in the current market, Infinite Block Tech. Their team of developers has solid experience in the field and they extend all-embracing cryptocurrency legal consultants to any geographical location, for any cryptocurrency or blockchain-related businesses. Reach out to them for more information.