Coinbase has announced that it has secured registration with the Financial Intelligence Unit (FIU) in India, bringing it one step closer to re-entering the Indian market. The Nasdaq-listed company previously faced challenges in the country due to regulatory pressure but suspended operations in 2022 after facing "informal pressure" from the Reserve Bank of India. The FIU registration will allow Coinbase to offer trading services in India, and the company plans to launch retail services and other products in the country. This move is seen as a significant opportunity for Coinbase in one of the world's most exciting markets.



Other News from Today