Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO - BitcoinEthereumNews.com
TeknolohiyaAng informal pressure ng Indian central bank ay nakagambala sa mga pagbabayad: Coinbase CEO05 / 11 / 2022Balita ng Ethereum ng Bitcoin Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region. Coinbase CEO Brian Armstrong later revealed that the service disruption was due to an “informal pressure” from Indias central bank. During Coinbase‘s 2022 Quarterly Earnings call, Armstrong rayos ng gulong about the company’s global expansion plans while acknowledging Coinbases role in starting the conversation with regulators related to crypto adoption. When asked about the impact of the recent disruption related to offering payment services in India, Armstrong stated: Kaya ilang araw pagkatapos ng paglulunsad, natapos namin ang hindi pagpapagana ng UPI dahil sa ilang impormal na presyon mula sa Reserve Bank of India (RBI), na isang uri ng katumbas ng Treasury doon. While highlighting the Supreme Court‘s ruling from March 2020, which forbids RBI from baning banks dealing with crypto business, Armstrong warned about certain government entities — including the RBI — “who don’t seem to be as positive on it.” Inihayag ng CEO ang agresibong diskarte ng Coinbase para sa internasyonal na pagpapalawak