Coinbase Positive About India Return But Will the Central Bank Soften its Crypto Stance?

-The decision to shut down Coinbase India was prompted by ‘informal pressure’ from the country’s central bank.

-The pressure came in the form of disabling Unified Payments Interface (UPI) support on the Coinbase platform.

-Coinbase CEO Brian Armstrong has questioned if this informal ban is a violation of the 2020 court judgment.

-Despite the RBI setting aside the crypto ban of 2018, the watchdog has kept the sector in a ‘shadow ban’.

-Armstrong is hopeful of a return to India ‘in relatively short order’.

BIC brian amstrong coinbase.jpg.optimal Coinbase Positive About India Return But Will the Central Bank Soften its Crypto Stance?
Coinbase Positive About India Return But Will the Central Bank Soften its Crypto Stance? 2

Leave a Reply