top of page

Coinbase legal team meets Indian minister to discuss blockchain push

 Coinbase legal team meets Indian minister to discuss blockchain push
Published date:
Source:
BB Finews
8/9/25, 6:46 AM

Paul Grewal, chief legal officer at major crypto exchange Coinbase, met this week with Priyank Kharge, the IT minister of India’s Karnataka state, as the US-based crypto exchange seeks to expand its role in India’s growing digital infrastructure.

Grewal publicly thanked Kharge in a Wednesday X post, saying he “is excited to explore how Coinbase can further support Karnataka’s tech leadership.” He said that support could include developer tools, cybersecurity collaboration and capacity-building programs

“The future is onchain — and it’s being built here,” Grewal said.

In a separate Wednesday X post, Kharge said he met with the Coinbase team to “discuss their developer platform.” He said the platform “is helping simplify blockchain development and enabling developers to build onchain applications with ease.”

The minister also mentioned that he discussed potential cybersecurity collaboration with Coinbase, as well as the company sharing its expertise with the local government. He said they discussed training and capacity building programs, as well as incubation, and the possibility of hosting joint hackathons in the future.”

Source: Priyank Kharge

Related: Why is India investigating Binance over crypto loopholes?

Karnataka government planning to adopt blockchain

Kharge said Karnataka’s government is “keen on exploring” blockchain technology for governance and digital public infrastructure as the technology gains traction globally.

The meeting came amid Coinbase’s push to expand its services to governments. In a mid-March announcement, the company said it is helping governments engage with cryptocurrencies.

This is not the first time that the Karnataka state government has acknowledged blockchain. In July 2017, local authorities organized a seminar on blockchain and Bitcoin.

Kharge said in an X (then still Twitter) post at the time that the seminar aimed to convey a better understanding of blockchains applied to governance and Bitcoin (BTC). He also said that, if necessary, it would also lead to new policies.

Related: Indian crypto users may ‘force’ policy shift amid mounting demand

Coinbase aims for an India comeback

India has historically been a hostile environment for the cryptocurrency industry. Still, policy seems to be evolving, with mid-February reports indicating that Coinbase is in discussions with Indian regulators as it considers a return to the market.

Coinbase asked its local users to withdraw funds in late 2023, saying it would discontinue all Coinbase Retail services in India. The exchange previously faced issues with Indian regulators, and in April 2022, it stopped its United Payments Interface in the country just three days after the local launch.

Grewal also joined the United States-India Business Council (USIBC) global council in early February, with the organization’s president saying that his “leadership in the fintech and digital asset space” will be crucial.

The report also came after the Crypto-systems Oversight, Innovation, and Strategy (COINS) Act was announced last month to introduce a legislative blueprint that supports a clearer, industry-led policy environment for crypto in India. COINS remains a non-binding model law with no legal effect unless it is formally introduced and passed by the parliament.

Cointelegraph reached out to Coinbase, but had not received a response by publication.

Magazine: Crypto to ‘Banana Singularity,’ Bybit halts India services, and more: Hodler’s Digest, Jan. 5 – 11

24 Hot News

 World Liberty Financial weighs $1.5B public company to hold WLFI tokens

World Liberty Financial weighs $1.5B public company to hold WLFI tokens

BB Finews
 Arthur Hayes buys ETH back at higher prices, pinky swears to never sell

Arthur Hayes buys ETH back at higher prices, pinky swears to never sell

BB Finews
Malaysia’s First Eco-Powered · Move Electric Cargo Trike

Malaysia’s First Eco-Powered · Move Electric Cargo Trike

BB Finews
 Here’s what happened in crypto today

Here’s what happened in crypto today

BB Finews
 Citigroup, JP Morgan, Goldman Sachs lead TradFi's blockchain charge: Ripple

Citigroup, JP Morgan, Goldman Sachs lead TradFi's blockchain charge: Ripple

BB Finews
 Disappearing Satoshi statue in Lugano stolen, 0.1 BTC offered for its return

Disappearing Satoshi statue in Lugano stolen, 0.1 BTC offered for its return

BB Finews
 SharpLink buys another $54M in ETH, now holds $1.65B worth of Ether

SharpLink buys another $54M in ETH, now holds $1.65B worth of Ether

BB Finews
 Bearish Arthur Hayes says Bitcoin could retrace to $100K on macro headwinds

Bearish Arthur Hayes says Bitcoin could retrace to $100K on macro headwinds

BB Finews
 XRP eyes 20% surge in August, crypto returns to US: Hodler’s Digest, July 27 – Aug. 2

XRP eyes 20% surge in August, crypto returns to US: Hodler’s Digest, July 27 – Aug. 2

BB Finews
  • Page 49

Disclaimer:

This article is an original work by BBFinews, with copyright owned by Jinse Finance. Unauthorized reproduction is prohibited. Authorized media must indicate: “Source: BBFinews” when using this content. Violators will be held legally accountable.

 

Risk Warning:

Investment involves risks. Please exercise caution when entering the market. This content does not constitute investment or financial advice.

bottom of page