Coinbase Registers with India’s FIU
Coinbase has officially registered with India’s Financial Intelligence Unit (FIU), allowing it to reintroduce crypto trading services in the country. This marks a major step in the company’s international expansion, following previous regulatory challenges that led to a halt in its operations. The exchange, which had previously suspended new user registrations in India, now plans to launch retail services later this year, with further investments and product rollouts to follow.
John O’Loghlen, Coinbase’s Regional Managing Director for APAC, highlighted India’s growing influence in the crypto space, stating, “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.” The country has seen a surge in crypto interest, with young investors exploring digital assets despite a 30% tax on crypto gains and ongoing regulatory uncertainty.
India’s stance on crypto is evolving, with the government reviewing policies in response to global regulatory shifts. The country requires digital asset providers to register with the FIU and comply with anti-money laundering rules. While formal regulations for the sector are yet to be defined, Coinbase’s return signals growing confidence in the Indian market.
Beyond trading, Coinbase sees India as a hub for blockchain innovation. The company aims to empower local developers by expanding access to its platform and tools, enabling them to build global products from within India. O’Loghlen noted that many Indian entrepreneurs have previously sought opportunities abroad, and crypto could help change that dynamic.
Coinbase’s renewed presence aligns with its broader strategy of working closely with regulators worldwide. As part of its commitment to strengthening U.S.-India business ties, Chief Legal Officer Paul Grewal has joined the board of the U.S.-India Business Council. With FIU registration secured, Coinbase looks forward to establishing a stronger foothold in India’s digital economy.
