Coinbase, a well-known cryptocurrency platform from the USA, has started talks with local regulators to re-enter the Indian market after suspending operations in 2022.
Ongoing Discussions with Regulatory Bodies
To restart operations in India, Coinbase is holding discussions with various regulators, including the financial intelligence unit. The company aims to complete compliance processes to become active in India again.
Market Potential Attracts Attention
India's interest in cryptocurrencies is growing, driven by its large and tech-savvy population. Coinbase's initiative may help secure a strong position in the global crypto market.
Significance of Coinbase's Return
The return of major players like Coinbase is seen as a noteworthy development for India's crypto market and could stimulate further industry growth.
Successfully completing compliance processes and restarting operations in accordance with Indian regulatory requirements will enhance Coinbase's influence in the Asian market.
