Coinbase Global, Inc (NASDAQ:COIN) has been facing regulatory challenges in India, leading to the suspension of new user sign-ups and trading services. The company's CEO, Brian Armstrong, attempted to launch the exchange in India by adding support for the local UPI payment instrument, but the overseeing body refused to acknowledge Coinbase's launch. The company is also involved in a lawsuit with the U.S. SEC for allegedly operating an unregistered exchange.