Paytm stops cryptocurrency transactions from today after ban

Paytm stops cryptocurrency transactions from today after banks cut exchanges like WazirX: Report
Moneycontrol
1 hour ago
© Smriti Chaudhary
Paytm stops cryptocurrency transactions from today after banks cut exchanges like WazirX: Report
The Paytm Payments Bank will disallow cryptocurrency transactions on its platform from May 21 evening as it “will stop dealing with cryptocurrency exchanges”, sources told The Economic Times.
This comes after banks on May 20 said that they would no longer deal with crypto exchanges such as WazirX, BuyUCoin and Zebpay following an “informal” Reserve Bank of India (RBI) order to that effect.
Other payment platforms such as PayPal and Venmo (currently only available in the United States) may also soon follow suit, industry sources added.

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