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Payments to Crypto Exchanges Are Blocked Now by State Bank of India
Sep 15, 2021 7:11 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
State Bank of India, the country’s largest bank, has reportedly blocked receipt of funds to crypto exchanges using its Unified Payments Interface (UPI), instructing the payment processors to disable its UPI for cryptocurrencies.
News from the State Bank of India follows the recent announcement by Central Bank of Russia, which advised commercial banks to block crypto transactions. Bitcoin USD (BTC-USD) is up more than 3% today, continuing the series of gains from Monday.
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