TOP in the US established Crypto Exchange Coinbase has received approval from the Indian Financial Intelligence Unit (FIU) to resume the activities in the country after striking activities at the beginning of 2023 due to regulations problems.
According to a Coinbase press release, the approval enables the leading US exchange to offer crypto-trading services in one of the world’s fastest growing digital asset markets-India.
Coinbase has announced plans to introduce retail trade services to the country later this year, followed by extra investment products that have been compiled for Indian customers.
Says John O’Loghlen, regional director of Coinbase for Asia-Pacific,
‘The developer community of India and entrepreneurial energy are unparalleled. But too often young Indian entrepreneurs have felt forced to look at abroad to build worldwide companies. Crypto can change that. By expanding access to our trusted platform and tools such as base, we want to enable a new generation of builders to stay at home, to innovate locally and scale it worldwide. “
The exchange says that India is a worldwide technology -power patient at home of one of the most vibrant startup ecosystems’, making it a natural fit for the international expansion of Coinbase.
Coinbase agrees with other global exchanges, including Binance and Kucin, who have recently received comparable approvals.
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