Coinbase (COIN) is one step closer to full back to India after securing registration with the Financial Intelligence Unit (FIU), Crypto Exchange said Tuesday.

The NASDAQ-listed company, which was active in the country several years ago, faced a number of questions due to regulatory pressure and eventually supported away from India.

By 2022, it only started operations in the country to suspend them due to “informal pressure” from the Indian reserve bank. The following year, Børsen closed new user registration while continuing to offer wallet services to Indian citizens.

The FIU registration allows Coinbase to bring its trade services to the Indian market.

Earlier this year, TechCrunch reported that Coinbase was in discussions with regulators, including FIU, for a possible re -journey to India.

The Brian Armstrong-led exchange said it is planning to start detailed services this year, adding that it also looks at releasing other products and increasing investments in the country.

“India represents one of the most exciting market opportunities in the world today, and we are proud to elaborate on our investment here in full agreement with local rules,” said John O’Loghlen, regional CEO of Apac at Coinbase.