A regulatory tweet quickly halted Coinbase’s crypto trading run in India ...Middle East

The world’s largest cryptocurrency exchange Coinbase has had the taste of India’s unfriendly environment for digital tokens.On April 10, the US-based crypto platform suspended the option to purchase cryptocurrencies through India’s widely-adopted instrument for digital payments, Unified Payments Interface (UPI), on its app in India. This comes merely four days after adding UPI support to Coinbase’s trading services in the country.Coinbase, however, continues to support immediate payment service (IMPS) to sell tokens.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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