REGULATORY ROADBLOCK

Summary from the TLDR Crypto newsletter

Coinbase halted new user registrations for its exchange product in India in June, but the company recently reaffirmed its long-term commitment to the nation. The announcement follows an incident where Coinbase had emailed some users who didn't meet their updated standards about ceasing operations, causing confusion about Coinbase’s plans for operating in the country. Coinbase currently has a strong technology hub in India and continues to provide its Coinbase Wallet service there. Despite struggling to gain regulatory approval, it is actively seeking ways to grow its presence in India.