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Coinbase eyes re-entry to India
Coinbase is working on its re-entry to India more than a year after it officially ceased operations in the world's most populous nation. The American Coinbase is working on its re-entry to India more than a year after it ceased operations in the country.
Though cryptocurrency trading isn’t illegal in India, lenders largely refuse to do business with virtual asset firms in the country to avoid upsetting the central bank, according to many entrepreneurs, investors and other officials. “Coinbase is excited by the opportunities in the Indian market and intends to comply with applicable regulatory requirements,” a company spokesperson told TechCrunch, declining to share any update on the FIU registration. The crypto exchange’s interest in India comes as it explores broader international expansion, per comments made by Coinbase CFO Alesia Haas at a recent Goldman Sachs conference.
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