American cryptocurrency exchange platform Coinbase Global Inc's (NASDAQ:COIN) chief blamed India's central bank for putting "informal pressure" weeks after it halted trading service in the country.
What Happened: The crypto exchange's CEO Brian Armstrong on the company's quarterly earnings call, on Tuesday, said, "So a few days after launching, we ended up disabling UPI because of some informal pressure from the Reserve Bank of India, which is kind of the Treasury equivalent there."
