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Coinbase discontinues India operations

US based cryptocurrency exchange Coinbase plans to stop all services for users in India, the exchange has informed some customers through email. This development comes after the crypto exchange faced regulatory scrutiny by policy makers in India as well as the US. As per the email sent by the crypto exchange, Coinbase would be discontinuing services in India after September 25. Customers have been advised to withdraw their funds from their accounts. Apart from its own exchange’s operations in India, Coinbase has presence in the country in other ways as well. The exchange has made significant investments in India crypto exchanges like CoinDCX and CoinSwitch Kuber.

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