Coinbase Gains FIU Approval for Indian Market Re-entry: SEC Drops Lawsuit

Coinbase (COIN) has made progress in returning to India by securing registration with the Financial Intelligence Unit (FIU), the company announced today (Tuesday). This registration enables Coinbase to offer its trading services in the Indian market, Coindesk reported.Additionally, the US Securities and Exchange Commission (SEC) has dropped its lawsuit against Coinbase, signalling a shift in its stance on cryptocurrency industry regulation.Coinbase Faces Regulatory ChallengesCoinbase had been active in India several years ago but faced regulatory challenges that led it to pull back from the country. In 2022, the company resumed operations but later suspended them due to "informal pressure" from the Reserve Bank of India. The following year, it stopped accepting new user registrations while still providing wallet services to Indian citizens.Launching Retail Services in India"India represents one of the most exciting market opportunities in the world today, and we’re proud to deepen our investment here in full compliance with local regulations," said John O'Loghlen, Regional Managing Director for APAC at Coinbase.This recent FIU registration marks a new phase in Coinbase's plans for India. Earlier in 2025, Finance Magnates reported that Coinbase had been in talks with regulators, including the FIU, about a possible re-entry into the market. The company now intends to launch retail services in India later this year and explore other products while increasing its investments in the region. This article was written by Tareq Sikder at www.financemagnates.com.

Mar 11, 2025 - 12:35

Coinbase Gains FIU Approval for Indian Market Re-entry: SEC Drops Lawsuit

Coinbase (COIN) has made progress in returning to India by securing registration with the Financial Intelligence Unit (FIU), the company announced today (Tuesday). This registration enables Coinbase to offer its trading services in the Indian market, Coindesk reported.

Additionally, the US Securities and Exchange Commission (SEC) has dropped its lawsuit against Coinbase, signalling a shift in its stance on cryptocurrency industry regulation.

Coinbase Faces Regulatory Challenges

Coinbase had been active in India several years ago but faced regulatory challenges that led it to pull back from the country. In 2022, the company resumed operations but later suspended them due to "informal pressure" from the Reserve Bank of India. The following year, it stopped accepting new user registrations while still providing wallet services to Indian citizens.

Launching Retail Services in India

"India represents one of the most exciting market opportunities in the world today, and we’re proud to deepen our investment here in full compliance with local regulations," said John O'Loghlen, Regional Managing Director for APAC at Coinbase.

This recent FIU registration marks a new phase in Coinbase's plans for India. Earlier in 2025, Finance Magnates reported that Coinbase had been in talks with regulators, including the FIU, about a possible re-entry into the market. The company now intends to launch retail services in India later this year and explore other products while increasing its investments in the region. This article was written by Tareq Sikder at www.financemagnates.com.