India is currently on the verge of criminalizing the ownership of cryptocurrencies, and as investors work their way up to exiting the market, the crypto-ecosystem awaits the final turn out of events.
With the implementation of the ban comes the potential shutdown of crypto-related businesses, this is why Coinbase’s plans to expand its services across India has birthed a lot of questions from onlookers. Is Coinbase bold or there is information the public knows nothing about?
Coinbase looks to expand in India
The leading cryptocurrency exchange revealed that it was expanding its business to India, and was looking to hire residents of the country. This is coming after the recent establishment of a branch in Canada. The company’s goal is to hire tech, engineering, and customer support talent to broaden innovation in the country.
“By housing some IT services, including engineering, software development, and customer support operations in India, we will benefit from its huge pool of world-class engineering talent. India has long been known as a hub for engineering and technology innovation.” Coinbase explained, in a blog post.
Is India going back on its warnings?
Coinbase hiring new employees in India is suggestive of the possibility of the country’s government reconsidering its anti-crypto laws, expected to be implemented later this year. Observers are speculating that the company, which is known for helping some of the biggest tech companies initiate their Bitcoin purchases, may have some positive information about the state of things in the country that …
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