Coinbase is preparing to relaunch its operations in India after securing registration with the country’s Financial Intelligence Unit (FIU), signaling a renewed push into one of the world’s fastest-growing cryptocurrency markets.
The U.S.-based crypto exchange had previously faced regulatory hurdles in India, leading to a scaling back of its services. However, with FIU registration now in place, Coinbase is positioning itself to operate within the country’s legal framework, potentially restoring full trading services for Indian users.
India’s crypto regulatory landscape remains complex, with authorities maintaining a strict stance on compliance and taxation. The government has implemented a 30% tax on crypto gains and a 1% transaction tax deducted at source (TDS), factors that have contributed to a decline in trading activity within the country.
Despite these challenges, Coinbase’s renewed entry into India reflects the exchange’s long-term commitment to the market. The company has previously highlighted India as a key region for Web3 development, with plans to support local blockchain startups and developers.
The comeback aligns with Coinbase’s broader global expansion strategy as it seeks to navigate regulatory challenges and establish itself as a leading player in international crypto markets. The company’s next steps in India will be closely watched as it works to rebuild its presence in a highly regulated but rapidly growing digital asset economy.
