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Both countries have ratcheted up regulation in recent months, creating a less nurturing environment for the crypto industry; most major cryptos were in the green in Wednesday trading. Source
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"This has created a new benchmark. It can go further down or sideways, but it is unlikely to go back up. It is clear that the new tax has impacted the market negatively. The government must look into this, and because there is no way to stop this (crypto), the
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The largest US-based crypto exchange Coinbase has stopped payment services through United Payments Interface (UPI) on its platform for Indian users just three days after its launch in the South Asian subcontinent.The UPI is the payment portal governed by the National Payment Corporation of India (NPCI), which facilitates buy orders
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UPI Was Central to Coinbase India Launch, Now the Crypto Exchange Says It's 'Unavailable' Source
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Cryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support. However, moments later, the National Payments Corporation of India (NPCI), which developed UPI, stated that no crypto exchange is using the UPI system. Coinbase Launches in India, Hit With UPI Problem The
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India's UPI denied knowledge of any crypto exchange using its platform after Coinbase leadership announced using that prominent payment gateway would be the first step in buying crypto through its brokerage. Original Source
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Armstrong acknowledged the regulatory challenge in promoting the technology to mass acceptance at a time when enthusiasm has dipped due to the new tax law. "We know it's not going to be a straight shot to bring this technology. We don't know exactly how it's going to evolve. But we're
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Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals,” said CEO Brian Armstrong. Coinbase Expanding in India With Web3 and Crypto Push The Nasdaq-listed cryptocurrency exchange Coinbase
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The growth plan will quadruple the number of the crypto exchange's employees in the country. Source
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The Indian Finance Bill 2022 with new 30% crypto tax rules was approved by the Rajya Sabha, the upper house of the Indian parliament, to make it a law today that will come into effect starting on April 1.The approval of the bill by the upper house of the parliament comes
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