TechFlow news — On March 11, according to CoinDesk, cryptocurrency exchange Coinbase has obtained regulatory registration from India's Financial Intelligence Unit (FIU), paving the way for its return to the Indian market.
Coinbase plans to reintroduce trading services and will begin offering retail services later this year. The company initially started withdrawing from the Indian market in 2022 due to regulatory pressure, and in 2023 shut down new user registrations, continuing to provide only wallet services to Indian citizens.
"India represents one of the most exciting market opportunities in the world today, and we are proud to deepen our investment in India while fully complying with local regulations," said John O'Loghlen, Managing Director of Coinbase Asia Pacific.
