Coinbase denies discontinuing services in India
In a statement to crypto.news, Coinbase has denied leaving the Indian market in September. Crypto.news has contacted Coinbase to understand the company’s current rumors about leaving the Indian market that were initially reported by the local newspaper, Economic Times. Coinbase spokesperson explained that the company is not ceasing operations in India. Instead, on Sept.9, Coinbase sent an email to some of Indian users entering the platform from other jurisdictions worldwide. The spokesperson further stated that in a recent system review, they found some Indian accounts that didn’t align with their updated standards. As a result, those accounts will be disabled, but customers will get a chance to update their details in the future. The platform reassured that the funds of affected users are safe and they can still make withdrawals or send to other crypto services until Sept. 25. They emphasized their commitment to maintaining high standards for the Indian crypto communi...