Coinbase to Cease Operations in India Due to Regulatory Challenges

  • Coinbase intends to end all exchange services for users in India after September 25, following difficulties with authorities.
  • Despite an 18-month effort to relaunch its service in India, the crypto exchange has failed to gain traction with local authorities.
  • Coinbase’s previous efforts, such as adding support for the UPI payment instrument, faced immediate pushback, resulting in a ‘shadow ban’ by the Reserve Bank of India.
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