By thenewsminute.com on May 11, 2022
Top cryptocurrency exchange Coinbase quit India operations owing to "informal pressure" from the Reserve Bank of India (RBI), its CEO Brian Armstrong has revealed for the first time. The US-based and Nasdaq-listed exchange had halted payments via unified payments interface (UPI) mode on its app in India last month. In the company's earnings call late on Tuesday, Armstrong said that the company disabled the UPI "because of some informal pressure from the Reserve Bank of India".
The Coin Detective