India’s HDFC Bank Launches New UPI and CBDC Features
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its…
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JPMorgan Executive Sees Big Future for India’s CBDC Initiative
Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank…
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have…
Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank…
Crypto Exchange Coinbase Launches in India — Quickly Runs Into Trouble With UPI Payment System
Cryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support. However, moments later, the National Payments Corporation of India (NPCI),…
State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform
State Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto…