Coinbase Struggles in India: Regulatory Challenges and Alternative Options

Cryptocurrency exchange Coinbase has struggled to establish itself in the Indian market due to evolving regulatory frameworks.

The Reserve Bank of India (RBI) maintains a cautious stance towards cryptocurrencies, although the Supreme Court lifted the banking ban on crypto transactions in 2020.

Indian banks are hesitant to process payments for international cryptocurrency platforms, creating practical difficulties for users attempting to deposit or withdraw funds through Coinbase.