Coinbase Pursues CCI Approval for Minority Stake in DCX Global
The U.S.-based crypto exchange aims to acquire a minority interest in CoinDCX’s parent company, pending clearance from the Competition Commission of India (CCI).
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Terms & Concepts
Competition Commission of India (CCI): India’s antitrust regulatory body that oversees mergers, acquisitions, and practices to ensure fair competition.
Minority Stake: An ownership of less than 50% in a company, often without controlling interest.
CoinDCX: A major cryptocurrency exchange based in India, offering trading and investment services in digital assets.