The cryptocurrency exchange Coinbase is on the verge of making its return to India, having recently secured registration with the Financial Intelligence Unit (FIU). This approval sets the stage for the company to reintroduce trading services in the Indian market.

Highlights:

• Coinbase has attained FIU registration, facilitating its return to India.
• The exchange will begin its retail services later this year.
• Coinbase views India as a key market and intends to launch additional products.

In 2022, Coinbase had initially attempted to operate in India but was forced to withdraw due to regulatory challenges. As it stands, the registration from FIU will allow the crypto platform to resume its services in the region, reinforcing its commitment to comply with local regulations.

“India represents one of the most exciting market opportunities in the world today, and we’re proud to deepen our investment here in full compliance with local regulations,” said John O’Loghlen, the regional managing director for APAC at Coinbase.