Coinbase is preparing to relaunch its centralized exchange in India after previously halting operations over a year ago. The exchange is currently in discussions with Indian regulators, such as the Financial Intelligence Unit, to secure necessary approvals for its return. Coinbase plans to partner with local entities and adopt a clearer strategy this time compared to their last attempt. Executives are expected to visit India in March to engage in regulatory discussions, and the timing of the relaunch will depend on completing the regulatory process, which could extend into late 2025. Coinbase originally launched in India in 2022 but faced immediate regulatory challenges, resulting in the suspension of services. Despite hurdles, India's interest in crypto remains high, with the country having led in global crypto adoption according to recent reports.

Source 🔗