Coinbase is actively working to re-enter the Indian market over a year after ceasing operations there. The U.S.-based crypto exchange is engaging with Indian authorities, including the Financial Intelligence Unit (FIU), to secure necessary approvals. This follows a challenging history in India where Coinbase previously had to halt services due to regulatory pressures. The move comes as part of Coinbase’s broader international expansion strategy, with India’s growing web3 ecosystem being a significant draw. However, the crypto market in India remains small due to high taxation on crypto transactions introduced in 2022.
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