India, Feb. 20 -- US-based cryptocurrency platform Kraken is reportedly looking to relaunch its operations in India and has roped in Shiprocket cofounder Vishesh Khurana as an advisor to lead the country's operations.

However, to restart its operations in India, Kraken will have to first apply for the licence and engage with the authorities, ET reported, citing sources close to the matter.

"We are looking to enter India officially, and will build a team there," one of the sources told ET.

The Indian Finance Ministry's Financial Intelligence Unit (FIU) in December 2023 issued show cause notice to nine offshore cryptocurrency exchanges, including Kraken and Binance. Later Google also removed these crypto exchange apps from its Play Store...