Coinbase, the largest US-based cryptocurrency exchange, has pushed back against reports that it would be shutting down all services for customers in India, clarifying that an email notice was only sent out to specific customers.
Coinbase has provided information that seemingly contrasts a media report suggesting that it would soon halt all operations for its Indian customers.from TechCrunch, Coinbase India users were reportedly warned via email that all services would be discontinued by Sept. 25, and were urged to to remove any funds that remained on the exchange.
"We are reaching out to inform you that we will be discontinuing all Coinbase Retail services linked to your above-mentioned account, as we will be disabling access for the retail accounts that no longer meet our updated standards for these services," according to an email on Sept. 8, shared by a Coinbase spokesperson to Cointelegraph.
"Affected users’ funds remain safe with us, and they continue to be able to withdraw their balances and send to other crypto service providers until 25 September."
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