Bitcoin regulation, Coinbase, coinbase exchange, coinbase hiring, coinbase india, Crypto regulation, India, indian crypto, indian cryptocurrency regulation, Indian Regulation, Regulation

Cryptocurrency exchange operator Coinbase has announced that it is establishing a business presence in India. The company has also posted several job openings for its Indian operations despite reports that the government may ban cryptocurrencies.

Coinbase Sets up Shop in India

Coinbase has officially announced its expansion into India. The company said last week:

“India has long been known as a hub for engineering and technology innovation, and we look forward to finding that world-class talent to help the Coinbase group develop new ways for our customers to interact with the cryptoeconomy,†the announcement continues.

Coinbase further stated, “We expect to open a physical office, initially in Hyderabad, for Indian employees as Covid-related conditions allow.â€

The company is also hiring for a number of positions. On Linkedin, for example, there are 15 job postings for positions with Coinbase in India. Besides India, Coinbase is actively hiring in the U.S., U.K., Ireland, Japan, Singapore, Canada, and the Philippines. The company has also invested in a local crypto exchange.

Meanwhile, Coinbase is currently preparing for an initial public offering (IPO) via a direct listing on Nasdaq, which has reportedly been delayed after the U.S. Commodity Futures Trading Commission (CFTC) fined the company $6.5 million.

The announcement by Coinbase to set up operations in India came amid regulatory uncertainty for cryptocurrency. There have been reports of the Indian government planning to ban cryptocurrencies. A crypto bill was supposed to be introduced during the Budget session of parliament but the session has ended and the crypto bill was not introduced.

According to Indian Finance Minister Nirmala Sitharaman, the crypto bill is being finalized. She explained that the government is not going to shut off all options and will take a calibrated approach to cryptocurrency legislation. However, the central bank, the Reserve Bank of India (RBI), has voiced some major concerns regarding cryptocurrencies to the government and RBI Governor Shaktikanta Das said that the central bank and the government are in agreement in their crypto approach. Most recently, the Indian government introduced new disclosure rules for companies dealing in cryptocurrencies.

What do you think about Coinbase establishing a business presence in India? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform

A former top regulator and acting head of the U.S. Comptroller of the Currency, Brian Brooks has been appointed the CEO of crypto exchange Binance.us. Brooks will lead the exchange on May 1st and replace the company’s current lead, Catherine Coley. Binance has hired an individual with ties to Washington, as the company’s American trading […]

Xem chi tiết: Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform

Biden Administration Developing Cryptocurrency Regulation — Treasury to Provide Direction to SEC

The Biden administration is reportedly developing a regulatory framework for the cryptocurrency markets. The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is waiting for direction from the Treasury to establish cryptocurrency regulation. New Crypto Regulation Being Developed by Biden Administration Fox Business’ Charlie Gasparino reported Monday that the Biden administration […]

Xem chi tiết: Biden Administration Developing Cryptocurrency Regulation — Treasury to Provide Direction to SEC

US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Says Former Chairman

Former SEC Chairman Harvey Pitt says that he expects a “fair amount†of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman. Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation Harvey Pitt talked about the future of cryptocurrency regulation under the new chairman, Gary […]

Xem chi tiết: US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Says Former Chairman

MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC. SEC Has a New Chairman President Joe Biden’s pick to lead the U.S. Securities […]

Xem chi tiết: MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

Leading Bitcoin Payments Processor Bitpay Joins Crypto Patent Alliance COPA

The world’s largest provider of cryptocurrency payment services, Bitpay has announced the company is joining the Square-founded crypto patent effort the Crypto Open Patent Alliance (COPA). Bitpay has been working with blockchain products since 2011 and the firm will share open-source projects and use a shared patent library with the crypto patent organization. Bitpay Joins […]

Xem chi tiết: Leading Bitcoin Payments Processor Bitpay Joins Crypto Patent Alliance COPA

Silicon Valley ‘Super Angel’ Investor Ron Conway Says Crypto Economy Is the Next Multitrillion Dollar Opportunity

Famed Silicon Valley “super angel†investor Ron Conway sees the crypto economy as the next multitrillion-dollar opportunity in innovation. The Silicon Valley legend likens Coinbase to Google after the company’s IPO via a direct listing on Nasdaq. Crypto Is the Next Multitrillion Dollar Opportunity in Innovation Legendary investor Ron Conway, who is often described as […]

Xem chi tiết: Silicon Valley ‘Super Angel’ Investor Ron Conway Says Crypto Economy Is the Next Multitrillion Dollar Opportunity

Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges

The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can be provided for this purpose. […]

Xem chi tiết: Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges

MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC. SEC Has a New Chairman President Joe Biden’s pick to lead the U.S. Securities […]

Xem chi tiết: MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

Goldman Sachs Predicts ‘Big Evolution’ Coming to Cryptocurrency Regulation

US Regulator Accuses Lbry Project of Selling Unregistered Securities, CEO Denies Charges

Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It

Coinbase’s Q1 Revenue Soars 9-Fold to $1.8 Billion Ahead of IPO on Nasdaq

Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens— Extends Temporary Ban

Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022

Coinbase IPO Set for April 14 via Direct Listing on Nasdaq

US Treasury’s Proposed Crypto Wallet Rule Is Unconstitutional, Warns Civil Rights Group