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

Goldman Sachs Predicts ‘Big Evolution’ Coming to Cryptocurrency Regulation

Goldman Sachs CEO David Solomon foresees “big evolution†coming to cryptocurrency regulation as demand for bitcoin from clients continues to rise. He says that Goldman will “continue to find ways to serve our clients as we move forward.†Crypto Regulation Will Experience ‘Big Evolution,’ Says Goldman Sachs’ Chief David Solomon, the CEO of global investment […]

Xem chi tiết: Goldman Sachs Predicts ‘Big Evolution’ Coming to Cryptocurrency Regulation

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

The Securities and Exchange Commission (SEC) has filed a complaint against the blockchain-based file-sharing and payment network called Lbry last week, as the U.S. regulator has accused the company Lbry Inc. of selling unregistered securities. However, the CEO of Lbry denies the project’s native tokens are securities and says the SEC’s logic will put a […]

Xem chi tiết: 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

Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,†adding that this asset “can only establish itself if governments allow it to.†Economist Warns of […]

Xem chi tiết: 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

Coinbase has announced its earnings estimates for the first quarter of 2021. The company says its estimated revenue for the period is nine times more than the amount generated in the same period last year. In addition, the crypto platform says it has 56 million verified users and a total trading volume of $335 billion. […]

Xem chi tiết: 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

Crypto mining in Abkhazia is still a hot potato for the de facto state government, which is now determined to criminalize such activities. Continuous massive power disruptions, in parallel, are fueling the anger of the people towards crypto miners. Public Officials to Face Bigger Penalties According to a report published by E Daily, the Abkhazian […]

Xem chi tiết: 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

Japan’s Financial Services Agency (FSA) has revealed that the regulating body will adopt the Financial Action Task Force (FATF) “travel rule†and standards toward the cryptocurrency industry throughout the nation. Meanwhile, FATF’s rule has been considered far-reaching and the organization Global Digital Finance and the company’s advisory member, Malcolm Wright, hopes industry innovators will help […]

Xem chi tiết: Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022

Coinbase IPO Set for April 14 via Direct Listing on Nasdaq

The U.S. Securities and Exchange Commission (SEC) has greenlighted Coinbase’s initial public offering via a direct listing on Nasdaq, the company has confirmed. Coinbase’s IPO is set to debut in two weeks, on April 14. Coinbase IPO to Debut in 2 Weeks Coinbase Global Inc. announced Thursday that the U.S. Securities and Exchange Commission (SEC) […]

Xem chi tiết: Coinbase IPO Set for April 14 via Direct Listing on Nasdaq

Coinbase Opens Office in India Despite Crypto Ban Reports

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 […]

Xem chi tiết: Coinbase Opens Office in India Despite Crypto Ban Reports

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

Indian Government Now Requires Companies to Disclose Cryptocurrency Holdings

Indian Government Now Requires Companies to Disclose Cryptocurrency Holdings

RBI Governor Says Government and Central Bank Agree on Cryptocurrency Approach

Skrill Continues Its American Crypto Market Expansion by Partnering Up With Coinbase

RBI Governor Says Government and Central Bank Agree on Cryptocurrency Approach

New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs

After BTC Slid by 14%, Onchain Analyst Says a US Based Institution Is Currently Buying the Dip

Other Articles