Three years after legal obstacles stopped its first effort, Coinbase is resurfacing in India. Clearing a significant obstacle for its introduction in India, the U.S.-based bitcoin exchange has effectively registered with India’s Financial Intelligence Unit (FIU).
In a formal statement, Coinbase underlined that reaching FIU registration is a key turning point in its aim to offer crypto services to Indian consumers. The company sees this clearance as a chance to help Indian developers, traders, and business owners in creating a strong blockchain ecosystem.
Paul Grewal, Chief Legal Officer of Coinbase, underlined that the registration opens the path for innovation in India, allowing companies to scale internationally under the control of legal systems. Although the company has not set a precise debut date, it has confirmed that trading services would shortly be offered along with further investment and product launches.
India’s attitude to cryptocurrencies has been changing; officials once enforced strict tax regulations and compliance rules on the sector. Coinbase initially entered the Indian market in 2022, but banking limitations abruptly stopped its services, causing bottlenecks. The business has been striving to match national financial laws since then.
Coinbase’s comeback points to a favorable change in the legal environment as India becomes a major participant in global crypto acceptance. As more people are interested in digital assets, the comeback of the exchange could give Indian consumers easier access to compliant and safe crypto trading choices.
By launching new products and services catered to the local market, Coinbase hopes to increase its presence in India going forward, therefore supporting its dedication to running within the legal system and fostering innovation in the digital asset industry.
