Crypto Exchange Coinbase (Coins) in conversations to return to India 2 years after Exit: Report
The Crypto Exchange Coinbase (COIN) conducts talks with Indian authorities in an effort to ensure approval to return to the country that stopped in 2023, Reported by Tech Crunch On Wednesday.
The exchange talks to regulators including the Financial Intelligence Unit (FIU), the Tech Crunch said, citing two people who are familiar with the matter.
“Coinbase is excited about the opportunities in the Indian market, and intends to comply with the appropriate regulatory requirements, but we have nothing to say about a registration of the FIU (Financial Intelligence Unit) at this time,” a spokesman for the US company in CoinDesk.
Coinbase suspended operations in India to 2022, day after starting Because of “Informal pressure” From the Reserve Bank of India. In 2023, the exchange said it stopped allowing user registrations, but continued to offer a Coinbase wallet to citizens in India and added that it was “Explore ways to strengthen“Its existence in the country.
The company joins other crypto exchanges in view to promote, or re -establish a presence in the most popular country in the world. Binance, binance, The largest exchange by the quantity exchangedregistered with FIU last year After paying a $ 2.2 million fine for operation without permission. Bybit, Rank of No. 2 to coingecko, registered after paying a $ 1 million fine.
