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Coinbase India Suspends Deposits 3 Days After Trading Service Launch

Three days after Coinbase launched trading services in India, claiming support for the popular payment instrument Unified Payments Interface (UPI), the firm disabled the function and virtually stopped offering users the option to buy on Sunday. The Coinbase app is, however, still allowing customers to sell through IMPS (Immediate Payment Service). 

Coinbase launched trading services on April 7 in the presence of CEO Brain Armstrong, where the company claimed support for UPI. But within a few hours, the National Payments Corporation of India (NPCI) tweeted, clarifying that it’s “not aware of any crypto exchange using UPI.” NPCI also attached a formal statement to the tweet. 
The NPCI is retail payments and settlement system under the Indian central bank, RBI, which asked banks not to offer regular banking services to crypto transactions in 2018. Although the Supreme Court of India overruled the RBI direction as illegal in 2020, banks have not been facilitating transactions invo

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We współpracy z: https://cryptopotato.com/coinbase-india-suspends-deposits-3-days-after-trading-service-launch/

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