Coinbase is renewing its interest in India’s blockchain ecosystem, with Chief Legal Officer Paul Grewal meeting this week with Karnataka’s IT Minister Priyank Kharge to explore partnerships in digital infrastructure, cybersecurity, and developer initiatives.
Grewal shared news of the meeting in a Wednesday post on X (formerly Twitter), stating he is “excited to explore how Coinbase can further support Karnataka’s tech leadership.” He highlighted potential areas of collaboration including developer tools, capacity-building programs, and cybersecurity initiatives. “The future is onchain — and it’s being built here,” Grewal wrote.
Minister Kharge confirmed the meeting in a separate post, noting discussions around Coinbase’s developer platform, which simplifies blockchain development and enables the creation of onchain applications. He also revealed plans for joint hackathons, cybersecurity knowledge sharing, incubation support, and public sector training in blockchain governance.
Kharge added that the Karnataka government is “keen on exploring” blockchain for digital public infrastructure, positioning the state as a potential testing ground for government use cases.
The meeting aligns with Coinbase’s global strategy to partner with governments and strengthen its international presence. In March, Coinbase announced efforts to assist governments in engaging with crypto technology. Grewal’s visit also follows his appointment to the U.S.-India Business Council’s global council earlier this year, reinforcing Coinbase’s long-term commitment to the Indian market.
India has historically posed challenges for crypto firms, including Coinbase. In 2022, the exchange suspended its Unified Payments Interface (UPI) services just days after launch, citing regulatory uncertainty. By late 2023, it asked Indian users to withdraw funds ahead of a full retail exit.
However, recent developments such as the proposed COINS Act—a model policy aimed at clarifying India’s crypto regulations—suggest a shifting policy landscape.
While Coinbase has not officially confirmed plans to relaunch retail services, its increasing engagement with regional leaders signals a potential return to India, starting with strategic partnerships and developer-focused initiatives.
