Speaking at IBW, John O’Loghlen, Coinbase’s APAC director, described the reset as intentional rather than reactive. He noted that the company chose to “burn the boats”. It decided to remove all legacy Indian accounts to restart under a structure that aligns fully with domestic oversight.
The government said Maharashtra accounted for ₹293 crore of the FY25 TDS total, followed by Karnataka with ₹133 crore, underscoring the concentration of trading activity in India’s major technology and financial centres.
CoinSwitch said the handbook will be distributed across police stations and cybersecurity units to offer practical clarity on asset tracing, crime typologies, and compliance frameworks.
One of the most notable trends is the broadening scope of investor portfolios. The average Indian investor now holds five tokens instead of the two or three common in 2022, reflecting a shift toward research-driven diversification.
Sharma, who has spent more than two decades in finance roles within scaling technology companies, will oversee financial operations, strategic planning and investor relations. He has been involved in startups since 2016, working across financial structuring, acquisitions and fundraising.
