CMC News

#Coinbase Legal Chief Meets Indian Minister on Blockchain Expansion

Paul Grewal recently held discussions with IT Minister Priyank Kharge exploring collaboration on developer tools, #cybersecurity, and blockchain governance applications.

The meeting signals Coinbase's renewed push into India's digital infrastructure as the exchange seeks a market comeback.

The Karnataka government expressed keen interest in adopting blockchain technology for governance and digital public infrastructure initiatives.

Potential partnerships include training programs, capacity building, joint hackathons, and sharing cybersecurity expertise with local authorities.

Grewal joined the global United States-India Business Council in February, strengthening fintech leadership connections.

The development comes amid India's evolving #crypto policy landscape and Coinbase's reported discussions with Indian regulators.

Coinbase discontinued all retail services in India in late 2023 following regulatory challenges and compliance issues.

The exchange previously faced setbacks including stopping United Payments Interface just three days after local launch in 2022.

The COINS Act was announced last month as a non-binding model law supporting a clearer crypto policy environment.

Karnataka has shown blockchain interest since 2017, organizing seminars on #blockchain applications and #Bitcoin governance use cases.