Guwahati: Bitay, a Turkish cryptocurrency exchange, has declared aspirations to enter the Indian market. The company has already established an office in Gurgaon, India.

According to Niyazi Yilmaz, CEO of Bitay, the company is ready to embrace and welcome the government's 30% tax on cryptocurrency profits and 1% tax-deductible at source (TDS) beginning in July. "Through our initiatives, we intend to reach out to Indian merchants and investors and express our products to them."

Early users will receive an Airdrop from Bitay after completing their Know Your Customer (KYC) on our platform. We intend to target millennials, who account for 30% of the country's total population and contribute 38% of total gross income. Using cutting-edge technology, our staff will customise and personalise all of our lucrative products. "We also aim to develop client loyalty programmes," he continued.

Bitay intends to expand its activities to other nations such as the United States, England, the Netherlands, and Estonia, and claims to hold licenses in 12 states in the United States. Bitay claims to have established projects and products such as the Bitay NFT platform, Bitay Visa Card, Bitay Game, and Bitay Academy in addition to bitcoin trading activities.

Bitay is a cryptocurrency exchange platform based in Istanbul, Turkey, that allows users to buy and sell crypto assets via technological trading methods. The platform claims to hold ISO/IEC 27001 and ISO 9001 certifications for technical security requirements. According to Bitay, it maintains customer assets in cold storage, such as hardware wallets over paper wallets and PCs without an internet connection.