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UPI AND CRYPTOCURRENCY
Grey zone in Indian payment laws: Crypto goes shopping in rupee using QR-linked loopholeUnified payments interface is now being used for buying cryptocurrencies through applications like goat.cash. Consumers can conveniently co...- Digital payments firms race to fortify defences as cyberattacks intensifyAt Bengaluru-based Cashfree, attempted attacks have been taking place repeatedly over the past three weeks, occurring at least 10 times as ...
- UPI fee issue raised at finance panel meet; crypto report in final stageA parliamentary committee convened to evaluate the fees associated with UPI transactions and explore revenue strategies. Opposition members...
- Uber layoffs impact India; RMG ban, a year onHappy Thursday! Uber is cutting jobs in India as part of a sweeping global restructuring. This and more in today’s ETtech Morning Dispatch.
- Govt left with a losing hand as offshore RMG sites find a cheat codeMultiple users on social media platforms like X continue to complain that their money is stuck on offshore platforms such as Parimatch, 1Xb...
- Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choiceDespite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-...
- From FTX’s collapse to “The Merge”: top crypto developments in 2022Like stocks, the value of several cryptocurrencies rose quickly during the Covid-19 pandemic in 2021. But the excitement waned this year, c...
- Crypto exchanges write to NPCI to restore UPI services; regulator unlikely to agreeThe exchanges wrote to NPCI last month after it issued a statement —following US-based crypto exchange Coinbase’s launch in April — that it...
- Crypto Price Today: Bitcoin barely holds $20,000; Solana, Avalanche plunge up to 13%The global cryptocurrency market cap was trading at the $893.91 billion mark, dropping 7 per cent in the last 24 hours. However, total cryp...
- Coinbase chief Brian Armstrong questions India’s crypto trading ‘shadow ban’Last year, several banks including ICICI Bank and Paytm’s Payments Bank cut ties with crypto exchanges based on “informal requests” by the ...
- Banks seek formal NPCI note on crypto UPI curbsThe banks, some of which are shareholders of NPCI, raised the issue at a recent meeting after the payments body expressed its reservations ...
- Indian investors alarmed as crypto exchanges block transfer networkIndia has spent years working on a law to ban or regulate cryptocurrencies, with a ban backed by the central bank over risks to financial s...
- CoinSwitch Kuber temporarily disables rupee deposits amid regulatory fluxAfter Coinbase, CoinSwitch Kuber temporarily disables UPI and other deposit options on its mobile app
- Trading volumes on top crypto exchanges touch six-month lowWazirX, one the largest cryptocurrency exchanges in India, estimatedly saw 65-90% of its business erode after e-wallet Mobikwik disabled it...
- Regulatory heat forces Coinbase to halt UPI payments in just three daysUS Co reached out to NPCI following regulator's clarification on no UPI for cryptocurrencies in India; Payments aggregators continue to wor...
- Coinbase India launch brings UPI use for crypto under lensThe US-based company’s decision to allow clients to use the Unified Payments Interface (UPI) – a key digital payments railroad – to make ru...
- Delhi High Court asks RBI, SBI to respond to plea to revoke prohibition on use of UPI for cryptocurrency exchangeThe petitioner, who is an account holder of SBI and registered user of cryptocurrency exchange, WazirX, said by the actions of the authorit...
- Crypto bourses hit no entry on SBI UPI platformThe going gets tougher for Indian crypto currency exchanges. The country’s largest lender, State Bank of India (SBI), has blocked the recei...
- Crypto gains currency again as banks ease curbs on purchasesThe change in stance happened after the Reserve Bank of India told banks that they no longer can use the regulator’s 2018 circular prohibit...
- Adios, cryptoIn today's ETtech Evening Briefing: Stripe becomes most valued private company in Silicon Valley; Clubhouse to support content creators; an...
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