Crypto Exchange Coinbase Disabling Some Accounts of Indian Users

US-based crypto exchange Coinbase Global Inc. said it will disable some Indian accounts while adding that the company remains “committed” to opportunities in the nation over the long term.

Indian accounts that “no longer meet our updated standards” will be disabled on Sept. 25, a Coinbase spokesperson said in a statement on Monday. The firm continues “to explore ways to strengthen our presence in this important market,” the spokesperson added.

Trading volumes collapsed in India in 2022 after the government imposed more stringent tax rules on the crypto sector, including a levy on trading. The central bank has voiced ...