The global crypto exchange Coinbase is not concerned by the current policy uncertainties in India and sees India as an integral part of its future plans.
India may be a very challenging country for crypto companies at the moment due to a lack of regulatory certainty, flat 30% income tax, 1% TDS on every transaction and RBI's continuing negative stance.
As part of its efforts to expand its footprint in India, Coinbase not only started allowing crypto trading in Indian rupee on its platform, but also made several big announcements.
Nana Murugesan, VP, International and Business Development, Coinbase, said that the company will be investing in several web3 technologies. They have a lot of products in line that would not require any regulations.