According to @simplykashif, Coinbase has reopened sign-ups for Indian users after more than two years. According to @simplykashif, a fiat on-ramp for India is planned for next year, indicating INR deposits are not yet available. According to @simplykashif, Coinbase’s 2022 India launch lost UPI support after NPCI did not acknowledge the integration. According to @simplykashif, Coinbase fully off-boarded Indian users and shut down services in 2023. According to @simplykashif, Coinbase engaged with the Financial Intelligence Unit (FIU) and registered with it this year.

According to paulgrewal.eth, Coinbase has successfully registered with the Financial Intelligence Unit (FIU) in India. This registration is a significant milestone that enables Indian entrepreneurs to develop, innovate, and expand global onchain businesses directly from India, potentially increasing Coinbase's market presence and influence in the Indian cryptocurrency sector.