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Coinbase in Talks with India’s FIU for Reentry: Chief Legal Officer Joins USIBC
Coinbase is in discussions with Indian regulators as it considers reentering the market after halting operations in 2023. The US-based cryptocurrency exchange has engaged with India’s Financial Intelligence Unit (FIU) to explore regulatory compliance, according to Cointelegraph.Coinbase Legal Officer Joins USIBC BoardThe development follows Coinbase’s Chief Legal Officer, Paul Grewal, joining the US-India Business Council (USIBC) global board of directors. The council facilitates business cooperation between the two countries. Grewal stated that he aims to support financial innovation and strengthen ties between the US and India."I’m honored to join the USIBC Board to help strengthen the bridge between India and the US in shaping the future of finance," Grewal said."India has one of the largest and fastest-growing Web3 ecosystems in the world, with a booming developer community, pioneering startups, and bold institutional adoption. Since 2018, its share of global web3 developers has quadrupled to 12%, the highest growth among emerging markets," he added.JUST IN:
Coinbase is in discussions with Indian regulators as it considers reentering the market after halting operations in 2023. The US-based cryptocurrency exchange has engaged with India’s Financial Intelligence Unit (FIU) to explore regulatory compliance, according to Cointelegraph.
Coinbase Legal Officer Joins USIBC Board
The development follows Coinbase’s Chief Legal Officer, Paul Grewal, joining the US-India Business Council (USIBC) global board of directors. The council facilitates business cooperation between the two countries. Grewal stated that he aims to support financial innovation and strengthen ties between the US and India.
"I’m honored to join the USIBC Board to help strengthen the bridge between India and the US in shaping the future of finance," Grewal said.
"India has one of the largest and fastest-growing Web3 ecosystems in the world, with a booming developer community, pioneering startups, and bold institutional adoption. Since 2018, its share of global web3 developers has quadrupled to 12%, the highest growth among emerging markets," he added.
JUST IN:
