U.S-based cryptocurrency exchange Coinbase has announced hiring from the Indian “pool of world-class engineering talent” to work for their firm. Hiring will be from sectors such as engineering, software development, and customer support services.
Coinbase Now Hiring in India
On March 25, Coinbase announced in a blogpost that the crypto exchange is going to hire in India in an attempt to diversify its “remote-first” workforce. The exchange is also hiring in Japan, Singapore, the Philippines, Ireland, Canada, and the U.K. for the same.
In the blog post, Coinbase acknowledged India as the hub for engineering and technology innovation, saying:
“India has long been known as a hub for engineering and technology 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.”
Initially, the exchange is going to open a physical office in Hyderabad as per COVID-related conditions.
India’s Regulatory Stance on Cryptos Still Unclear
Coinbase’s hiring announcement comes as India still stands unclear on the regulatory stance in cryptocurrencies. Anonymous sources representing Indian government officials have been providing statements to major media houses on an upcoming crypto ban since the beginning of the year.
Reportedly, the country’s lawmakers are preparing a bill that would criminalize the “possession, issuance, mining, trading and transferring crypto-assets.”
However, India’s Finance Minister Nirmala Sitharaman recently hinted that there might not be a blanket ban on crypto operations. She made it clear that there will not be a complete ban on cryptocurrencies or at least the technology part of it.
This week, Indian entrepreneur Nandan Nilekani endorsed cryptocurrencies as a store of value, saying the citizens of the country should be allowed to have them as an asset class. He further emphasized that Indian regulators need to help the country’s micro, small and medium enterprises access capital through Bitcoin.