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Coinbase has started hiring in India despite rumors of an impending ban on crypto in the country.
Coinbase, a major cryptocurrency exchange that went public on Nasdaq earlier this month, continues to actively expand in India with a new hire.
The cryptocurrency exchange has hired Pankaj Gupta, a former Google Pay engineering lead in India and Asia Pacific, as the vice president of engineering and site lead for India.
Announcing the news on Tuesday, Gupta said that he will be responsible for âleading and building from scratch the companyâs technology hub in India.â He also noted that Coinbase has started hiring in India, posting several job applications.
Coinbase officially announced plans to establish a business presence in India last month, expecting to open a physical office in Hyderabad and start hiring talent in engineering, software development and customer support.Â
âThe plan is to hire hundreds of employees across all levels in engineering, product management, UX design, research and program management within the next 1â2 years to build out a full tech hub in India,â Gupta stated in a blog post.
âTo support our ambitious growth plans in India, we will also explore startup acquisitions and acquihires,â he added.
Coinbaseâs expansion to India comes amid significant uncertainty regarding the legal status of cryptocurrency in the country. Since early 2021, several anonymous sources have disseminated rumors on a supposed upcoming crypto ban in India. Finance minister Nirmala Sitharaman subsequently stated that regulators did not want to âshut all options offâ and were willing to allow âcertain windowsâ for people to use digital assets like Bitcoin (BTC).
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