Tuesday, April 23, 2024

എസ് ബിഐയും ക്രിപ്റ്റോ കറൻസികളെ അംഗീകരിക്കില്ല | Bitcoin in Kerala | What is Bitcoin? SBI and cryptocurrencies | Crypto currency and UPI | What is cryptocurrency? What is digital currency? What is the latest Bitcoin news today? Latest News on Cryptocurrencies in India | | What are the main cryptocurrencies | Top Cryptocurrency Rates Today

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Cryptocurrency exchanges in India continue to decline. Finally, State Bank’s UPI platform also denied access to cryptocurrency transactions. This means that it is not possible to buy cryptocurrencies through UPI from State Bank accounts. During the last six months, many banks have imposed restrictions on the transfer of money related to cryptocurrencies.

However, the cryptocurrency transactions through UPI were covert and covert. Now, with the decision of the State Bank not to allow crypto transactions through UPI, that route has also been completely closed. The decision of the State Bank, the largest bank in the country, will negatively affect cryptocurrency exchanges in India.

Following the State Bank’s decision, other banks in India are likely to ban crypto transactions from their UPI platforms. The failure of the Reserve Bank to fully recognize or ban cryptocurrencies is creating a smokescreen on their transactions. But the National Payments Corporation, which developed the UPI, did not say whether it would ban cryptocurrencies.

English Summary: SBI UPI Platform Will Not Approve Crypto Currency

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Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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