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When Surojit Chatterjee walked on stage at a Coinbase Global Inc. conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue.
Indian crypto exchanges CoinSwitch Kuber, BuyUcoin and WazirX have halted payments via UPI
Most major Indian crypto currency platforms are having issues with fund deposits, specifically through the Unified Payments Interface (UPI).
CoinSwitch Kuber has banned all forms of payment, including bank transfers, for crypto purchases on its site.
In a statement, NPCI clarified that they are unaware of any crypto exchange in India that offers UPI as an option to buy cryptocurrencies but we found that there are some exchanges operating in India with this option.