Is CoinSwitch legal?

I'm curious about the legality of CoinSwitch. Can you please clarify if it's a legitimate platform for cryptocurrency trading? I've heard some mixed opinions and would like to know if there are any legal concerns or restrictions associated with using CoinSwitch in different regions. I'm especially interested in the regulations that might apply to users in my country. Additionally, I'd like to know if CoinSwitch complies with the necessary financial and security standards to ensure the safety of user funds and transactions.