Seattle Daily Star

  This leaves customers without any way of funding their trading accounts with rupees When Surojit Chatterjee walked on stage at a Coinbase Global conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue. Mr Chatterjee, the company’s chief product officer, told the audience that cryptocurrency investors would now be able to use the country’s online retail payments system to transfer funds to its local exchange. Hours after Mr Chatterjee’s announcement, the central bank-backed entity that runs the system — called United Payments Interface — said it was “not aware” of any cryptocurrency exchange using the network. Within three days of the event, Coinbase had halted rupee transfers to its trading app via UPI. The abrupt reversal left Coinbase customers without any way of funding their accounts with rupees, dealing a blow to its expansion plans in India. “We are committed to working with NPCI and other relevant authorities...

In an exclusive interview with BW Businessworld Editor-in-Chief Anurag Batra , Karad said apart from strengthening the Atmanirbhar Bharat and Ayushman Bharat missions, the budgetary allocations had been driven by the government’s aim of “taking care of the people, and the development of the economy”. As the euphoria over a Union Budget that reached out to almost every sector of the economy began to settle in, BW Businessworld caught up with Union Minister of State for Finance, Bhagwat Karad , for an insight into the thinking that had influenced the exercise. In an exclusive interview with BW Businessworld Editor-in-Chief Anurag Batra , Karad said apart from strengthening the Atmanirbhar Bharat and Ayushman Bharat missions, the budgetary allocations had been driven by the government’s aim of “taking care of the people, and the development of the economy”. Excerpts:  Union Budget 2022–23 has been received well and caters to almost all sections of society. Can you please give us a se...