UPI : Regulator unlikely to budge following its statement on US crypto major Coinbase using UPI

Mumbai/Bengaluru: Top cryptocurrency exchanges including CoinSwitch Kuber, WazirX and CoinDCX have written to the Unified Payments Interface (UPI) manager, the National Payments Corporation of India (NPCI), to restore UPI services for crypto players and discuss the regulator’s concerns regarding UPI usage for trade in cryptocurrencies.

The exchanges wrote to NPCI last month after it issued a statement —following US-based crypto exchange