CoinDCX, India's first crypto unicorn, plans IPO 'as soon as' govt allows

Indian regulators have gone back and forth on their stance toward the burgeoning crypto industry.

India’s first cryptocurrency unicorn, CoinDCX, plans to pursue an initial public offering as soon as government regulations allow it, according to its co-founder Neeraj Khandelwal. 

The share sale would be a key vote of confidence for India’s digital asset industry similar to Coinbase Global Inc.’s U.S. listing earlier this year, Khandelwal said in an interview with Bloomberg Television Monday.

“As soon as the government or the situations allow us, we will try for an IPO,” he said. “An IPO gives a legitimacy to the industry, just like the Coinbase IPO gave a lot of confidence in the crypto markets. Similarly