Coinbase has taken a significant step towards re-entering the Indian market by securing registration with the Financial Intelligence Unit (FIU). The cryptocurrency exchange had previously suspended its operations in India amid regulatory challenges but is now looking to reinstate its trading services. Initial retail offerings are expected to be launched later this year, as Coinbase aims to expand its product range and investment in the country. According to John O'Loghlen, regional managing director for APAC, India presents an exciting market opportunity, and Coinbase is fully committed to compliance with local regulations. Following discussions with regulators earlier this year, this registration marks a pivotal moment for Coinbase's operational plans in India, a market they regard as significant for future growth.

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