Bitcoin exchange Coinbase plans to open an office in the Indian city of Hyderabad, despite a possible cryptocurrency ban in the country.
Coinbase is now hiring in India! By housing some IT services, including engineering, software development and support operations in India, we will benefit from its huge pool of world-class engineering talent as we continue to build a global cryptoeconomy. https://t.co/ElmgLuZHe4– Coinbase (@coinbase)
Coinbase has opened over 10 jobs in India, according to Linkedin . According to a blog post, the company is looking for employees for software development, engineering, and customer support.
“India has long been known as a hub for engineering and technological innovation and we look forward to finding world-class talent to help develop new ways for our clients to interact with the crypto economy,” the statement said.
The company called the opening of positions in India an important step towards creating greater geographic diversity among telecommuters. Coinbase has also posted jobs in the US, UK, Ireland, Japan, Singapore, Canada, and the Philippines.
Recall that in 2019, a working group under the Government of India concluded that there is “no value at all” at the heart of cryptocurrencies. The authorities were advised to ban all digital assets , except for tokens issued by the central bank.
According to a number of media outlets, a document banning cryptocurrency trading was submitted to the Council of Ministers of India in September 2020.
In February 2021, Bloomberg, citing an anonymous senior Finance Ministry official, said that if the ban was imposed, asset holders would have three to six months to close positions. At the end of the transitional period, investments liquidated .