PANews March 11 news, according to CoinDesk, on Tuesday, the cryptocurrency exchange Coinbase (COIN) said that after obtaining registration with the Financial Intelligence Unit (FIU), the company is one step closer to a full return to India. The Nasdaq-listed company was actively doing business in India a few years ago, but faced a series of problems due to regulatory pressure and eventually withdrew from the Indian market.

It is reported that FIU registration allows Coinbase to introduce its trading services to the Indian market. John O'Loghlen, regional managing director of Coinbase Asia Pacific, said: "India is one of the most exciting market opportunities in the world today, and we are proud to deepen our investment in full compliance with local regulations."