Ongoing uncertainty around cryptocurrency regulation in India isn't stopping domestic crypto companies from launching global offerings.

Indian cryptocurrency substitution CoinDCX is preparing to motion frontward with its global crypto-to-crypto trading platform — dubbed Cosmex — in 2022, co-ordinate to a senior executive at the visitor.

Ramalingam Subramanian, head of brand, marketing and communications at CoinDCX, told Cointelegraph that CoinDCX has significant ambitions regarding the exchange's global expansion as its upcoming platform volition target a global audience.

The firm initially announced the development of Cosmex in Feb 2022, planning to expand CoinDCX'southward footprint to the global markets amongst the increasing global demand and acceptance for cryptocurrencies.

Co-ordinate to Subramanian, the launch of Cosmex is coming "nearly likely next yr" and will initially launch in Western Europe and Southeast Asia.

Cosmex "has nothing to practise specifically with what's happening in Bharat," Subramanian stressed, calculation that the platform rather seeks to respond to the "huge need" for crypto services outside of India. He added that CoinDCX is not willing to add to speculation around regulatory uncertainty in India by discussing scenarios where Indian regulators have a tougher opinion on the industry.

Related: Republic of india's crypto unicorn CoinDCX has no immediate plans for IPO

Subramanian noted that CoinDCX's main platform is "focused on Republic of india generally" and has restrictions for certain countries.

Afterwards lifting a major ban on crypto services in 2022, Indian authorities have been reportedly considering other restrictions for the industry. However, experts are confident that the Indian government would well-nigh probable choose to regulate rather than ban its growing crypto economic system.