{"id":210419,"date":"2021-03-25T08:23:34","date_gmt":"2021-03-25T05:23:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-hiring-in-india-despite-potential-crypto-crackdown\/"},"modified":"2021-03-25T08:23:34","modified_gmt":"2021-03-25T05:23:34","slug":"coinbase-hiring-in-india-despite-potential-crypto-crackdown","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-hiring-in-india-despite-potential-crypto-crackdown\/","title":{"rendered":"# Coinbase hiring in India despite potential crypto crackdown"},"content":{"rendered":"

“# Coinbase hiring in India despite potential crypto crackdown <\/strong>”
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Leading U.S. cryptocurrency exchange Coinbase has announced it is \u201cestablishing a business presence in India\u201d despite uncertain regulatory headwinds for crypto in the country.<\/p>\n

In a March 25 blog post<\/a>, Coinbase revealed it is planning to house \u201csome IT services, including engineering, software development and customer support operations in India,\u201c noting the country\u2019s \u201chuge pool of world-class engineering talent.\u201d<\/p>\n

\u201cIndia has long been known as a hub for engineering and technology<\/a> innovation, and we look forward to finding that world-class talent to help the Coinbase group develop new ways for our customers to interact with the cryptoeconomy.\u201d<\/p><\/blockquote>\n

Despite the announcement, no job positions app<\/a>ear to have been uploaded to Coinbase\u2019s careers portal<\/a> that are country specific to India, and a search of the site for the term ‘India’ came up empty at the time of writing.\u00a0<\/p>\n

The blog post added that Coinbase is also actively hiring in Japan, Singapore, the Philippines, Ireland, Canada, and the U.K to expand the geographic diversity of its \u201cremote-first\u201d workforce.<\/p>\n

The news<\/a> comes as uncertainty hangs over India’s crypto sector, with Reuters reporting anonymous sources in the Indian government claiming<\/a> the country\u2019s lawmakers are preparing a bill that would criminalize the \u201cpossession, issuance, mining, trading and transferring crypto-assets.\u201d<\/p>\n

However, India\u2019s minister of finance, Nirmala Sitharaman, stated the government will not be \u201cshutting all options off\u201d for the crypto industry less than two weeks ago. <\/p>\n

\u201cWe will allow certain windows for people [to] use, so that experiments on the blockchain, Bitcoins or cryptocurrency […] will have that [option] available for them,\u201d she said.<\/p>\n

However, Sitharaman reiterated the Reserve Bank of India, or RBI will soon be making announcements regarding a central bank-issued digital currency, or CBDC, suggesting India\u2019s forthcoming crypto regulations will have been designed to prioritize its CBDC.<\/p>\n

Coinbase is expected to complete an IPO via direct listing next month, with limited trading of Coinbase shares on private markets suggesting the company could be valued at more than $100 billion<\/a>.<\/p>\n

With Coinbase\u2019s shares trading at an average price of $343.58 privately during 2021 so far, CNBC estimates that the personal stake held by its CEO, Brain Armstrong, may be worth a whopping $13.6 billion<\/a>. <\/p>\n