Coinbase Plans Comeback in Indian Crypto Market

CosmicTaco · 2025-02-14T11:25:40.818867+05:30

- Coinbase is preparing to re-enter the Indian cryptocurrency market, engaging with Indian regulators, including the FIU under the finance ministry. - This move follows Coinbase CLO Paul Grewal joining the USIBC board of directors, signaling a renewed focus on the region. - Coinbase had previously ceased operations in India in September 2023 due to regulatory challenges with its UPI services. Source: [Reuters](https://inc42.com/buzz/coinbase-readies-for-re-entry-into-indian-cryptocurrency-market/)

Coinbase is preparing to re-enter the Indian cryptocurrency market, engaging with Indian regulators, including the FIU under the finance ministry.
This move follows Coinbase CLO Paul Grewal joining the USIBC board of directors, signaling a renewed focus on the region.
Coinbase had previously ceased operations in India in September 2023 due to regulatory challenges with its UPI services.

Source: Reuters