Published: 07.04.2022
Article reading time:
2 minutes.
The American cryptocurrency exchange Coinbase, which ranks second in the world in terms of trading volume, has officially launched its services in India.
The exchange’s official Twitter posted the message “Chalo shuru karein!”, or “Let’s get started!” in Hindi. An official presentation was held at the technological hub of the Indian state of Bangalore.
Chalo shuru karein!
That’s how you say “Come, let’s get started!” in Hindi and that’s our guiding light as we work to serve and grow the crypto and web3 community in India.
Learn more https://t.co/d0McVp5AAy
— Coinbase (@coinbase) April 7, 2022
The mobile application of the American exchange became available to Indian users. Coinbase Product Director Surojit Chatterjee showed how local users register during a live presentation. Registration requires that the client is connected to the local payment system UPI, which is a digital instant payment system supported by the Central Bank of India.
Coinbase CEO Brian Armstrong has been in India for several weeks now. According to him, there is still a lot of work to be done with regulators, especially against the backdrop of new regulations on taxation of transactions with cryptocurrencies in the country:
“We know that securing adoption of new technology will not be easy. We do not have a clear idea of how regulation will develop. But we will work with banks, regulators and, most importantly, the Indian people, because he has shown a real interest in cryptocurrencies and a desire to gain access to new services and products.”
Earlier it was reported that Coinbase plans to increase the staff of its Indian division by 1,000 people this year.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
