Coinbase CEO says India central bank’s ‘informal pressure’ prompted trading halt

Coinbase halted trading service in India because of “informal pressure” from the Reserve Bank of India, the crypto exchange’s chief executive said on Tuesday, addressing the notable Indian episode for the first time in a month.
The Nasdaq-listed firm launched its eponymous crypto trading service in India to much fanfare on April 7. The app allowed users in the world’s second largest internet market to buy crypto tokens using UPI, a highly popular Indian payments infrastructure built by a coalition of retail banks. But just three days after the launch, the firm rolled ba

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