Coinbase exchange, which was rumored to stop all its services in India, clarified the issue.
A recent claim confused Coinbase users. Coinbase, which was said to close all services for Indian customers, stated in the report it published that this situation is different from the claims.
Covers users who violate the rules
Coinbase India has notified its users via email that all services will be discontinued until September 25. However, according to the report published by the stock exchange, it appears that the notification is not directed to all Indian customers, but rather to users who violate its standards.
The e-mail sent by Coinbase to people affiliated with its India branch who act outside the rules is as follows:
“We are contacting you to inform you that we will discontinue all Coinbase Retail services associated with your account listed above and disable access to retail accounts that no longer meet our updated standards for these services. Please note that this does not affect your access/use of Coinbase Cloud services, which will continue to be accessible through your account.”
In his statement, a Coinbase spokesperson emphasized that the email was sent only to some account holders who he thought violated “updated standards” and said:
“During a recent routine review of our systems, it is possible that some accounts were identified that no longer met our updated standards. Therefore, we will disable these accounts and allow our customers to update their information at a later date.”
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