Coinbase Plans India Comeback After Securing Regulatory Registration With FIU

The crypto speech started withdrawing from the state successful 2022 owed to regulatory pressure.

Updated Mar 11, 2025, 4:56 a.m. UTCPublished Mar 11, 2025, 10:00 a.m. UTC

Coinbase (COIN) is 1 measurement person to afloat returning to India aft securing registration with the Financial Intelligence Unit (FIU), the crypto speech said connected Tuesday.

The Nasdaq-listed company, which was progressive successful the state respective years ago, faced a fig of issues owed to regulatory unit and yet backed distant from India.

In 2022, it started operations successful the state lone to suspend them owed to "informal pressure" from the Reserve Bank of India. The pursuing year, the speech unopen disconnected caller idiosyncratic registration, portion continuing to connection wallet services to Indian citizens.

The FIU registration allows Coinbase to bring its trading services to the Indian market.

Earlier this year, TechCrunch reported that Coinbase was successful discussions with regulators, including the FIU, for a imaginable re-entry into India.

The Brian Armstrong-led speech said it plans to commencement up retail services this year, adding that it is besides looking astatine releasing different products and expanding concern successful the country.

Parikshit Mishra

Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial squad successful the region. Before joining CoinDesk, helium was the EMEA Editor astatine Acuris (Mergermarket), wherever helium dealt with copies related to backstage equity and the startup ecosystem. He has besides worked arsenic an Senior Analyst for CRISIL, covering the European markets and planetary economies. His astir notable tenure was with Reuters, wherever helium worked arsenic a analogous and an exertion for assorted teams. He does not person immoderate crypto holdings.