Following rumors that Coinbase, the largest cryptocurrency exchange in the USA, will stop all its activities in India, a statement was made by the exchange.
Coinbase, featured in many media sources According to the news that it will stop all its activities in India clarified. The news was based on an e-mail sent to customers by sources. misunderstood he stated.
In the news published by TechCrunch on September 11, it was stated that Coinbase will withdraw from the Indian market and from September 25 It was stated that buying and selling services will be stopped for all Indian citizens from now on. According to the news, Coinbase also allows Indian users completely banned from registering on the stock exchange and told existing users to withdraw their money.
However, Coinbase said in a statement that this was a misunderstanding and just users who violate the rules and legal standards He announced that his accounts would be closed.
Announcing that all Indian users will not be affected by this situation, Coinbase said that the emails in question “updated standards” He underlined that it was sent to violating users:
It is possible that during a recent routine review of our systems, some accounts were identified that no longer met our updated standards. Therefore, we will deactivate those accounts and allow our customers to update their information at a later date.
Coinbase also stated that affected users will be able to withdraw their balances until September 25.
with local authority in India for a long time. in a tough fight Coinbase, which is at least responsible for the activities in the country two senior managers in the past period resignation He had.