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On April 7, 2022, Coinbase launched operations in India, with executives touting how simple it might be to commerce on the corporate app with funds being processed by Unified Funds Interface, or UPI, a extensively used funds system in India. Hours after the occasion, although, the entity that governs UPI, (Nationwide Funds Company of India, underneath the aegis of the RBI) tweeted to make clear that it was “not conscious of any crypto alternate utilizing UPI.”
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