Is KoinBX legal in India?

Could you please clarify the legality of KoinBX in India? As a cryptocurrency practitioner, I understand the complexities surrounding regulations in different countries, and I'm interested in knowing whether KoinBX operates within the legal framework established by the Indian government. Are there any specific laws or regulations that govern the use of KoinBX in India, and what are the potential risks or limitations for users in the country? Thank you for your time and consideration.