Options to deposit Indian rupees at cryptocurrency exchanges are dwindling. A growing number of cryptocurrency exchanges have disabled INR deposits using the Unified Payments Interface (UPI) system, which is the most widely used retail payment method.Crypto exchange Wazirx is not offering UPI support. The exchange tweeted Wednesday, “Currently, UPI is not available.” Coindcx is also not supporting payments by UPI, saying on Twitter Monday, “UPI is temporarily unavailable.”
Coinswitch Kuber went even further and reportedly suspended all INR deposit services Wednesday, including UPI and bank transfers via NEFT, RTGS, and IMPS. Coinswitch is a major cryptocurrency trading platform in India with over 15 million users.The Nasdaq-listed crypto exchange Coinbase, which recently launched in India, has disabled crypto purchases “due to an ongoing issue we’re experiencing with the UPI system.” Pertukaran lebih lanjut mengklarifikasi: “Perhatikan bahwa kami tidak mendukung metode pembayaran lain untuk membeli crypto saat ini.” Pertukaran Cryptocurrency berhenti mendukung pembayaran UPI setelah National Payment Corporation of India (NPCI) mengeluarkan pernyataan bahwa itu tidak menyadari Crypto exchanges using the UPI system. The NPCI statement followed Coinbase launching in India and advertising that users could easily deposit funds using UPI to buy cryptocurrencies.
A person familiar with the matter told Forkast publication that the NPCI was caught between a rock and a hard place when Coinbase claimed to launch with UPI support. “Once the launch of Coinbase happened in India and they announced the usage of UPI as a payment option, NPCI realized it needed to put a clarification out there,” the person said.Earlier this month, popular payment service Mobikwik also stopped providing services to crypto exchanges. Sementara itu, volume perdagangan crypto telah anjlok di India setelah pajak 30% terhadap pendapatan crypto mulai berlaku tanpa membiarkan kehilangan offset atau pengurangan pada 1 April pada 1 Juli, pajak merusak lainnya, pajak 1% yang dikurangi pada sumber (TDS), will start levying on crypto transactions.
0
0
