Bitget Halts India Signups: Regulators Crash the Crypto Party

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Key Highlights

  • Bitget pauses new registrations in India, courtesy of FIU-IND’s meticulous taste for paperwork-imagine your passport photo staring back at you.
  • The pause doesn’t touch existing Bitget users in India; they’re allowed to keep pretending they know what they’re doing with deposits and withdrawals.
  • The move casts a spotlight on India’s tightened compliance rules and how crypto exchanges navigate a particularly thorny hedge maze.

In a development that could only feel like a late-night infomercial for regulators, Bitget announced a temporary restriction on new user sign-ups in India, effective February 6 at 4 PM IST. The reasoning? Aligning with the local Financial Intelligence Unit of India (FIU-IND) requirements-because nothing says “welcome to the future of finance” like a well-timed regulatory shuffle.

In a post on X, the company tried to reassure the crypto-enthusiast crowd that existing users would continue to access their accounts-balances, deposits, withdrawals, and the comforting sense that the future is still someone else’s problem. The vibe: “We’re not sinking, we’re just yoga-posing on a regulatory buoy.”

Bitget is temporarily pausing new user registrations in India to align with local regulatory requirements.

During this time, all existing users will continue to enjoy full access to all Bitget UEX services. We remain committed to providing a safe, reliable platform for all our…

– Bitget (@bitget) February 4, 2026

Bitget noted that the update does not impact other trading activity or ongoing transactions for registered users. The restriction applies only to users attempting to sign up after the effective date using India as their country of residence or Indian KYC documents.

What are FIU regulations?

The move follows updated regulations by FIU-IND for Virtual Digital Asset (VDA) service providers, including exchanges and wallet providers, which came into effect in January 2026. The regulations aren’t exactly a group hug for the crypto crowd; think more of a group hug with a clipboard and a glare.

The rules also mandate location tracking at the time of registration. Exchanges like Bitget are asked to keep a record of details such as the user’s IP address, latitude, longitude, and account creation details, along with other things. It aims to help regulators monitor account origins and investigate suspicious activity-like a particularly nosy GPS that won’t stop asking questions at a family reunion.

Community reaction

Following the announcement, online discussions heated up with netizens and crypto enthusiasts weighing in. One X user warned, “If your funds are on Bitget, be careful. It’s starting to look similar to what happened with Exness and MEXC. The best option right now is to move your funds to a reliable exchange or shift them to your personal wallet or hardware wallet.”

Another commenter simply observed, “bitget pausing new signups in india rn, hope regs clear up soon.”

Others pointed to regulatory shifts in India, hoping for a framework that’s crypto-friendly without turning the onboarding process into a scavenger hunt for your life’s data.

Broader context

Bitget’s temporary pause on new Indian signups underscores the tightening regulatory climate in India’s crypto space. Existing users aren’t affected for now, but the pause signals a cautious step by exchanges trying to align with FIU-IND requirements. The episode mirrors a larger sense of uncertainty in India’s crypto market as onboarding rules tighten and the regulatory script keeps changing mid-scene.

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2026-02-04 19:05