Coinbase is set to relaunch its services in India after obtaining a license from the Financial Intelligence Unit (FIU) of the country. The company announced its approval to operate in India on March 11, with the chief legal officer, Paul Grewal, stating that this registration is crucial for empowering Indian entrepreneurs to build and scale onchain businesses. While Coinbase has confirmed its intentions to provide cryptocurrency trading services in India, the rollout timeline remains unspecified. India has a complex relationship with cryptocurrency, having previously banned several exchanges due to its central bank's restrictions. Despite some negative perceptions towards the industry, recent statements from officials indicate a potential shift in stance, acknowledging the need to remain competitive in global crypto adoption. A report from Chainalysis highlighted India's leading position in crypto adoption within the Central, Southern Asia, and Oceania (CSAO) region, especially in retail and decentralized finance.

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