Despite uncertain regulatory headwinds, Coinbase says it is developing "a business presence in India." The cryptocurrency exchange in the United States plans to house "some IT services, such as engineering, software development, and customer support operations," according to the company. There appear to be no job openings in India that have been posted to the company's careers portal. The news comes as India's crypto sector faces uncertainty, with reports saying that lawmakers are working on a bill that would criminalise the industry.