One of the largest crypto exchanges in the world Coinbasein a statement made today Indiaannounced that it will offer crypto trading services to users in .
Chalo shuru karein!
That’s how you say “Come, let’s get started!” in Hindi and that’s our guiding light as we work to serve and grow the crypto and web3 community in India.
Learn more 👇https://t.co/d0McVp5AAy
— Coinbase (@coinbase) April 7, 2022
technology hub of india At an event in Bengaluru According to the statement, the Exchange will now be active in India.
This announcement by Coinbase, the world’s second-largest exchange by trading volume, came just at a time when India announced new crypto taxes.
Coinbase co-founder and CEO Brian Armstrong, who has been in India for the past few weeks, said the company is based in India. a long term investment announced that he did.
To be remembered, according to the law that went into effect on April 1, it was decided to impose a 30% tax on profits from crypto transactions.
Aware that the new tax law will cast a shadow over the use of crypto, Armstrong
We know that bringing this technology will not be a direct shot. We don’t know exactly how it will develop. But we are committed to working with bank partners, regulators, most importantly the Indian public because they have sparked genuine interest in cryptocurrency and there is a genuine desire to access some of these services and products.
said.
Armstrong also said, “India has shown great enthusiasm with UPI.” said. Chatterjee explained that establishing the UPI would be the first step towards buying crypto. Chatterjee also owns Coinbase. Polygon, CoinDCX, CoinSwitch announced that it has invested over $150 million in more than 10 companies in India, including