Coinbase plans to return to India

Developers of the cryptocurrency exchange Coinbase told TechCrunch that they plan to return to the Indian market.

The team reacted positively to the news that the country decided to reconsider and soften its cryptocurrency legislation. The reason for the revision was changes in the regulation of the U.S. digital finance market. Coinbase's management added that they are working with Indian authorities, including the Financial Intelligence Unit (FIU-IND), to obtain the necessary permits.

"Coinbase is excited about the opportunities in the Indian market and intends to comply with all regulatory requirements," a source in the company said.

Earlier, we wrote that the Indian government is working on changing its approach to cryptocurrency regulation, which will help integrate them into the country's economy more quickly.