Coinbase Ending India Services Due to Regulatory Hurdles

Coinbase is discontinuing services in India and disabling new signups after September 25th due to regulatory challenges in the market.
Coinbase launched in India last year but was forced to halt services shortly after due to pressure from regulators.
Coinbase CEO Brian Armstrong says the Reserve Bank of India applied "soft pressure" behind the scenes to restrict crypto trading services.
Indian authorities have maintained a cautious stance on crypto, emphasizing international collaboration to regulate digital assets.
The G20 countries endorsed global implementation of FATF standards to address money laundering and terrorism financing risks related to crypto.

techcrunch.com

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