Coinbase with problems at India launch

Since April 7th there is an Indian branch of Coinbase . But days after the launch on the subcontinent, the first setbacks were reported.

As Economic Times first reports , customers can no longer use the Unified Payments Interface (UPI).

UPI is a popular payment infrastructure in the business and retail sectors.

UPI is operated by the National Payment Corporation of India (NPCI). The authority, which acts as an umbrella organization for various payment systems, denies its knowledge of crypto exchanges that use UPI in a statement .

Coinbase itself has so far kept a low profile on the reports.

India is not exactly considered a paradise for the crypto sector. Prohibition debates boil up again and again.

Above all, the central bank is bothered by Bitcoin and Co. Commercial banks were prohibited from having relationships with crypto exchanges such as WazirX for a long time.

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