Business Today


- Volumes on exchanges dipped due to the UPI disruption

UPI payment services for crypto exchanges got suspended recently leading to low volumes

NPCI issued a statement saying “we are not aware of any crypto exchange using UPI”

30% tax levied on crypto gains from April 1, 2022, also contribute­d to the fall in trading volumes

Finance Minister Nirmala Sitharaman emphasised on the need for a global approach towards regulating cryptocurr­ency

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