Indian Apex Web3 Body, Crypto Exchanges Push To Restore UPI Access
The Indian government’s stance regarding crypto and Web3 remains vague. While they support blockchain and some Web3 developments, the authorities are primarily against cryptocurrencies that are based on blockchain. The tax burden and lack of payment support have become major challenges for the crypto community in India. advertisement Also Read: Coinbase Looks To Singapore Amid US SEC Woes Proposals to Restore UPI Access For Crypto Exchanges The Indian government and the central bank RBI received proposals to restore the access to Unified Payments Interface (UPI) for crypto firms, including crypto exchanges in India. Two proposals have already been submitted. A third proposal will be submitted by Bharat Web3 Association (BWA), the apex body leading Web3 companies in India. The proposal will seek to convince the government and RBI to restore UPI payments for Web3 companies, crypto firms, and exchanges. Recommended Articles ...