The post Coinbase resumes user registrations in India two-year hiatus appeared on BitcoinEthereumNews.com.

The largest US-based cryptocurrency exchange, Coinbase, has announced the reopening of its app for registration in India. This move comes in after the crypto exchange halted its services in the country for more than two years. This reentry follows the company’s registration this year with the Financial Intelligence Unit, India (FIU), thereby ensuring compliance with the country’s anti-money laundering (AML) regulations. Meanwhile, apart from reopening in India, John O’Loghlen, the director for Coinbase in the Asia-Pacific region, hinted at the firm’s plans to launch a fiat on-ramp next year during India Blockchain Week (IBW).  He further explained that the exchange had adopted the idea of introducing a fiat on-ramp to enable users based in India to deposit their funds and purchase cryptocurrency effectively.  Coinbase halts all its activities in India  Regarding Coinbase’s earlier decision to halt its services in India, reports noted that the cryptocurrency exchange had introduced its services in the country back in 2022. After careful consideration, it had to swiftly suspend its efforts to support the Unified Payments Interface (UPI) payment system. This decision came after UPI operator National Payments Corporation (NPCI) refused to recognize the exchange’s operations in India. Following this denial, Coinbase was left with no other choice but to stop all its activities in the country later in 2023. Afterwards, the crypto exchange instructed its users based in India to close their accounts. “We previously had millions of customers in India, and we decided to completely remove those customers from overseas entities where they were based and regulated. We wanted a fresh start here,”  O’Loghlen explained. He further acknowledged that the decision they adopted was not easy for Coinbase, being a company concentrating on generating more income and gaining more active users. After it ceased all its operations in India, the company partnered with…

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Filed under: News - @ December 8, 2025 4:21 am