Coinbase Secures Comeback In India After Receiving FIU’s Approval

In summary, Coinbase has received regulatory approval from the FIU to re-enter the Indian crypto market. This comes after facing regulatory hurdles in the past and suspending operations in India. Other major exchanges like Binance and KuCoin are also making a comeback in India after registering with the FIU. Despite potential for growth in the Indian crypto market, high taxation and transaction levies remain a challenge for investors. The country’s young, tech-savvy population presents an opportunity for growth in the crypto sector.