Bitget Onboards on India's I4C's Sahyog Portal to Support Local Law Enforcement
NEW DELHI, June 23, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has officially onboarded onto India's Sahyog portal, a key interface under the Indian Cyber Crime Coordination Centre (I4C) framework. The portal facilitates direct and structured communication between law enforcement agencies and digital service providers. This development marks an important step in enhancing cooperation between virtual asset platforms and Indian authorities engaged in cybercrime investigations.
The Sahyog portal serves as a centralized system that allows law enforcement to submit legal requests for data disclosure in accordance with Section 94 of the Bharatiya Nagarik Suraksha Sanhita (BNSS) and Section 79(3)(b) of the Information Technology Act. These provisions enable Indian authorities to seek access to digital evidence, user data, and transaction records from service providers in connection with active investigations. Bitget's integration ensures that future requests can be managed through an established, secure, and legally compliant channel.
Global exchanges are being actively onboarded onto the Sahyog system to improve investigative capabilities and reduce procedural delays. Alongside Bitget, other major global platforms have also been onboarded onto the Sahyog system in furtherance of the system's robustness. The main aim is to provide investigators with aggregated access to essential data that supports timely enforcement actions in cases involving virtual assets.
Bitget has taken multiple steps in recent months to align with regional compliance frameworks across key jurisdictions, with India representing a particularly strategic market. Participation in official law enforcement portals is a good example of Bitget's proactive stance in aligning operations with local regulatory expectations. It aligns with the exchange's broader aim to assist in creating a transparent and accountable environment for digital asset trading, particularly as authorities globally increase scrutiny of crypto transactions.
'Operating responsibly in all jurisdictions remains a priority for Bitget. India's regulatory and enforcement landscape around digital assets is evolving quickly, and aligning with initiatives like Sahyog highlights a practical step forward. Bitget will continue to engage constructively with local regulators to ensure that our systems deliver the legal and technical requirements to support such agencies,' said Hon NG, Chief Legal Officer at Bitget.
As the global digital asset sector expands, increased engagement between crypto service providers and governments has become important to operate sustainably. Integration into frameworks such as Sahyog allows exchanges like Bitget to deliver timely and structured responses to legal requests, reducing friction in cross-border cooperation and ensuring that law enforcement agencies have access to the tools necessary for digital evidence collection.
India's growing emphasis on formalizing its approach to virtual assets has brought renewed focus on the role of foreign exchanges operating within its borders. Compliance with data disclosure provisions and participation in platforms like Sahyog are expected to play an important role in defining the future relationship between crypto firms and national authorities. Bitget's onboarding adds to the growing list of global entities now accessible via Sahyog, signaling the broader direction of increased regulatory coordination across the industry.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
XRP Investors Have a New Strategy, and It's Straight From the Playbook of Bitcoin Legend Michael Saylor
After the 2024 presidential election, XRP (CRYPTO: XRP) skyrocketed by nearly 600%, hitting a 52-week high of $3.39 in January. Although it has cooled off considerably since then, that brief run was enough to galvanize investors from around the world to find creative new ways to get exposure to XRP. What's happening now is unprecedented in the history of XRP. Companies in industries not even tangentially related to crypto or blockchain are suddenly deciding to add XRP to their balance sheets. The new XRP treasury strategy What do a Chinese transportation solution provider, a London-based renewable energy company, and a Florida-based pharmaceutical company have in common? They're all raising tens of millions of dollars and using that money to buy as much XRP as they can. There are now at least five companies worldwide that have embraced this strategy in just the past 60 days. The formula is very easy to follow: Find deep-pocketed outside investors, promise a high rate of return in exchange for investing in the business, and then start buying XRP. The Bitcoin playbook If this strategy sounds familiar, that's because it is. This is a version of the Bitcoin (CRYPTO: BTC) treasury company model pioneered by MicroStrategy (NASDAQ: MSTR), which is now doing business as Strategy. During the past five years, Strategy has accumulated 582,000 Bitcoins, worth about $64 billion at today's prices. Michael Saylor, the founder and executive chairman of Strategy, discovered he could outperform Bitcoin by going all-in on this strategy. During the past five years, Bitcoin is up an impressive 1,000%, but Strategy stock is up a remarkable 3,200%. That's not just better than Bitcoin -- it's also better than any single company in the S&P 500. Will a strategy created for Bitcoin work for XRP? It's easy to understand the allure of the Bitcoin treasury company business model. Buying as much Bitcoin as possible leads to turbo-charged returns for investors. As long as the price of Bitcoin goes up, the valuation of any company that embraces this model should also go up. That explains why Strategy copycats are popping up everywhere. One drawback of the BTC model, though, is that it's prohibitively expensive. To achieve any scale, you need very deep pockets. A single Bitcoin costs more than $100,000, so table stakes for getting started with a BTC business model is already about $500 million. Compare that to XRP, which trades for about $2.30. The scale could not be more different. That's what makes the size of the recent XRP investment deals so staggering. For example, VivoPower International (NASDAQ: VVPR) recently raised more than $100 million from investors to power its XRP strategy. That $100 million will go a long way when you're buying a $2 digital asset and not a $100,000 digital asset. Buyer beware This isn't an endorsement to invest in any of these XRP treasury companies. Far from it. After all, they could collapse in value entirely if the price of XRP declines for an extended period. On top of that, there's the additional risk of investing in, say, a healthcare company or an energy company. These companies might make a windfall profit on their XRP investments but might be hemorrhaging money elsewhere. For that reason, Strategy has dropped any pretense of being a software company. It now refers to itself as a Bitcoin treasury company and has told investors it wants to be valued solely on the basis of the Bitcoin it owns. What will be the impact on XRP? Based on initial estimates, it looks like $500 million has been funneled into this new XRP treasury strategy in just the past two months. Considering that the total market cap of XRP is $134 billion, it's probably still not enough to move the needle. But here's the thing: There are no spot XRP exchange-traded funds (ETFs) right now. As a result, investors could be hunting for XRP proxy stocks to get their XRP exposure. They might decide that investing in an XRP treasury company is the best way to get that exposure. The same phenomenon occurred with Bitcoin before the launch of the spot Bitcoin ETFs. Strategy was the Bitcoin proxy stock you had to own, even though it was an enterprise software company. Don't underestimate the potential for this XRP treasury strategy to really take off. Earlier this year, Wall Street predicted that as much as $8 billion might flow into new spot XRP ETFs, once they're approved. So there might be plenty of additional cash flowing into XRP soon via these XRP treasury companies. That said, I'm remaining on the sidelines. These XRP treasury companies are far too new and speculative. For exposure to XRP, I still prefer to invest directly. If all goes according to plan, all of this new money pouring into XRP will push its price even higher. Should you invest $1,000 in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor 's total average return is988% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Globe and Mail
5 hours ago
- Globe and Mail
MicroStrategy Stock Trades 32% Below 52-Week High: Buy, Sell or Hold?
MicroStrategy MSTR, doing business as 'Strategy,' shares closed at $369.70 on Friday, 32% below the 52-week high of $543 it hit on Nov. 21, 2024. Strategy shares have appreciated 27.6% year to date (YTD), while the Zacks Computer - Software industry and Zacks Computer and Technology sector have returned 10.4% and 0.9%, respectively. Strategy is the world's largest bitcoin treasury company, holding 592,100 bitcoins as of June 15, 2025. In early June, Strategy acquired 10,100 bitcoins for $1.05 billion. MARA Holdings MARA, Riot Platform RIOT and Tesla TSLA are other well-known companies that hold bitcoins in their respective balance sheets. As of March 31, MARA Holdings and Riot Platforms had 47,531 and 19,223 bitcoins, respectively, while Tesla had 11,509 bitcoins at the end of the first quarter of 2025. Strategy shares have outperformed MARA Holdings, Riot Platform and Tesla, shares of which have dropped 14.6%, 6.4% and 20.3%, YTD. MSTR Stock's Performance MSTR stock is currently trading above the 200-day moving average, indicating a bullish trend. MSTR Stock Trades Above 200-Day SMA MSTR Benefits From Growing Bitcoin Holding Strategy benefits from the Trump administration's announcement of the establishment of a strategic bitcoin reserve. Bitcoin, the most popular cryptocurrency, has been soaring due to increasing acceptance as a non-sovereign asset, as well as higher institutional and corporate adoption. However, bitcoin's volatility is a headwind for MSTR. Bitcoin is now trading above $101K, much lower than the $111K it registered in May. MSTR benefits from increasing bitcoin yield, 13.7% year to date (as of April 28, 2025), keeping the company on track to reach full year target of 15%, which is now raised to 25% and bitcoin dollar gain target to $15 billion (up from initial target of $10 billion). Bitcoin gains in dollar terms were $4.1 billion in the first quarter of 2025 and $5.8 billion as of April 28, 2025. The company's disciplined approach to capital raising through preferred equity offerings — Strike (8% convertible preferred is trading with an effective yield of roughly 9%) and Strife (10% fixed coupon perpetual preferred) — is a key catalyst. As of April 28, 2025, MSTR raised $6.6 billion through equity offerings and $3.4 billion through fixed income ($2 billion from convertible notes, $0.7 billion each through Strike and Strife). Strategy has issued $20.9 billion in equities and $6.4 billion in fixed income securities as part of its 21/21 plan since Oct. 30, 2024. The company has $14.6 million remaining under fixed income securities and $0.1 million under equities as part of the existing plan. Strategy currently plans to raise $42 billion through equity issuance and $42 billion through fixed income securities by the end of 2027. Under the current plan, the company has $21.1 billion in equity and $35.6 billion in fixed income securities remaining to be issued. Growing Subscription Revenues Aid MSTR Prospects Strategy is benefiting from growing software subscription revenues that surged 62% year over year to $37.1 million and accounted for 33% of first-quarter 2025 total revenues. Subscription billings grew 38% year over year to $24.5 million. The company benefits from continuing cloud demand with its flagship Strategy One that powers some of the largest analytics deployments in the world. Strategy One supports varied industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Strategy is leveraging generative AI to automate and accelerate the deployment of AI-enabled applications across enterprises. Strategy's rich partner base that includes the likes of Amazon Web Services, Microsoft, STACKIT, and Google is a growth driver. Earnings Estimates Revision Trend Steady for MSTR For second-quarter 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at 12 cents per share over the past 30 days. The company reported a loss of 76 cents in the year-ago quarter. For 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at $15.73 per share over the past week. The company reported a loss of $6.72 per share in 2024. Here's Why MSTR Stock is a Hold Now Strategy shares are overvalued, as suggested by the Value Score of F. In terms of Price/Book, Strategy is trading at 3.0X compared with MARA's 1.35X and Riot Platforms' 1.16X, suggesting a premium valuation. MSTR Vs. MARA Valuation MSTR Vs. RIOT Valuation Image Source: Zacks Investment Research Strategy benefits from its growing bitcoin holdings and increasing subscription revenues. However, challenging macroeconomic conditions and uncertainty about tariffs increase volatility in bitcoin trading. Stretched valuation is a concern. Strategy currently has a Zacks Rank #3 (Hold), which implies that investors should wait for a better entry point to accumulate the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report MicroStrategy Incorporated (MSTR): Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis Report Riot Platforms, Inc. (RIOT): Free Stock Analysis Report
Globe and Mail
6 hours ago
- Globe and Mail
Visa's Crypto Integration: A Game Changer or a Risky Bet?
A global payment giant, Visa Inc. V, is increasing its focus on blockchain technology to bridge the gap between the worlds of traditional finance and decentralized currencies. The company has been increasing its presence in the crypto space through fintech partnerships and pilot projects. It has teamed up with crypto platforms like and Coinbase to issue crypto-linked cards and enable direct crypto payments. V has been on a roll, expanding its interoperability efforts. The company launched its first seven-day-a-week stablecoin settlement. It has already surpassed a whopping $200 million in cumulative stablecoin settlement volume. On the programmability front, Visa has also developed the Visa tokenized asset platform, which is designed to help banks issue and utilize stablecoins for innovative new forms of programmable finance. In the stablecoin market, Visa is actively concentrating on a wider range of product opportunities and collaborations. These strategies are designed to make cross-border payments smoother, speed up transactions and meet the needs of a new wave of consumers who are savvy about cryptocurrencies. Visa's cross-border volume increased 13% year over year on a constant-dollar basis in the second quarter of fiscal 2025. Its focus on utilizing stablecoins to reduce remittance fees is a major positive. In a world quickly moving toward digital-first finance, Visa's forward-thinking strategy could help ensure it stays relevant for many years. However, these strategies come with some risks. Regulatory scrutiny of cryptocurrencies is still quite intense across various regions, and the inherent volatility of digital assets can threaten stability and trust. How Are Competitors Faring? Some of V's competitors in the digital assets space include Mastercard Incorporated MA and PayPal Holdings, Inc. PYPL. Mastercard is one of the closest competitors of Visa in the crypto arena. Mastercard has launched Crypto Credential to secure blockchain transactions. The company is also launching crypto-linked cards across various geographies. Wirex, Bit2Me and have also joined MA's Crypto Credential ecosystem. PayPal is among the pioneers in the fintech space when it comes to cryptocurrency adoption. It has allowed users in some markets to buy, sell and hold cryptocurrencies on its platform. PayPal introduced its own stablecoin, PYUSD, which is designed to facilitate quick and affordable digital payments within its ecosystem. Visa's Price Performance, Valuation & Estimates Shares of Visa have gained 7.1% in the year-to-date period against the 0.1% decline of the industry. From a valuation standpoint, V trades at a forward price-to-earnings ratio of 27.35, above the industry average of 21.66. The Zacks Consensus Estimate for Visa's fiscal 2025 earnings implies a 12.9% jump from the year-ago period. It witnessed 10 upward estimate revisions in the past 60 days against one downward movement. Visa stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA): Free Stock Analysis Report Visa Inc. (V): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report
