India, Feb. 13 -- Cryptocurrency exchange Coinbase has geared up to re-enter the Indian market more than a year after it rolled back operations from India.

The US-based online platform for buying, selling, transferring, and storing cryptocurrency has engaged various Indian authorities such as the Financial Intelligence Unit (FIU), under the finance ministry, two sources said, refusing to be identified as the deliberations are ongoing and private.

"Coinbase is excited by the opportunities in the Indian market and intends to comply with applicable regulatory requirements," a spokesperson for the company told TechCrunch, declining to comment on the status of its FIU registration.

The development comes as Paul Grewal, chief legal officer a...