A number of cryptocurrency exchanges in India are disabling rupee deposits, particularly payments using the Unified Payments Interface (UPI) system. This followed a statement issued by the National Payments Corporation of India (NPCI) regarding the usage of the UPI system by crypto exchanges. Indian Exchanges Stop Offering Major Payment Options Options to deposit Indian rupees
- via news.bitcoin.com
This will surely make a great impact on the crypto economy of the country.
Remember that they are also leaning towards a 50% tax on crypto income raising fhe current 30% tas by +20%
