Odaily Planet Daily News OKX Chief Marketing Officer Haider Rafique said that the company is planning to enter the Indian market and recruit local employees to explore potential Web3 use cases.
OKX does not have a global headquarters, but has regional centers in Hong Kong, Singapore, Dubai and the Bahamas. Rafique said the company plans to expand its wallet service “exponentially” by tapping into India’s high-profile developer community. Currently, OKX has about 200,000 wallet users in India, accounting for only 5% of the country's Web3 users.
Additionally, India has yet to introduce any legislation in parliament on Web3 or cryptocurrency issues, but imposes severe taxes on transactions and enforces anti-money laundering rules. (CoinDesk)