Coinbase Plans Return to India After a Year-Long Pause

The post Coinbase Plans Return to India After a Year-Long Pause appeared first on Coinpedia Fintech News

Coinbase, a major U.S. crypto exchange, is working towards re-entering the Indian market after halting operations over a year ago. The company is engaging with Indian regulators to ensure compliance as the government reconsiders its stance on crypto policies.

Coinbase in Talks with Indian Authorities

According to sources, Coinbase is in talks with Indian authorities, including the Financial Intelligence Unit (FIU), which monitors financial transactions. The company is focused on meeting regulatory requirements and is optimistic about its return. 

A Coinbase spokesperson stated, “We are excited about the opportunities in India and are committed to complying with local regulations.”

Coinbase’s renewed interest in India comes as part of its larger global expansion plans. Recently, its Chief Legal Officer, Paul Grewal, joined the board of the U.S.-India Business Council, strengthening ties between the two countries in the financial sector.