World first’ crypto-backed payment card launched by Nexo and Mastercard. Nexo is partnering with Mastercard and DiPocket to introduce the first crypto card in Europe that permits users to spend without selling their digital assets. The leading regulated institution for digital assets, Nexo officially introduced the Nexo Card, a first-of-its-kind crypto-backed Mastercard card, in select European markets. About the launch, …

CoinSwitch disables entirely crypto investment options on the app including bank transfers. Indian Rupee (INR) deposits through UPI and other modes, including bank transfers, have been paused. Cryptocurrency exchange CoinSwitch Kuber has disabled entire modes of payments for purchasing crypto purchases on its platform, including bank transfers. This comes two days after Coinbase had to disable the Unified Payments Interface …

Crypto Exchange Coinbase Launches in India Soon Runs Into UPI Trouble Cryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support.  However, moments later, the National Payments Corporation of India (NPCI), which developed UPI, stated that no crypto exchange uses the UPI system. The Nasdaq-listed cryptocurrency exchange Coinbase announced Thursday …

SEC Chair Gensler Asks Staff to Collaborate With CFTC on Regulating Crypto Exchanges The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regulate cryptocurrency trading platforms. SEC Wants to Work With CFTC on Regulating Crypto Exchanges The chairman …

Britain plans to capitalize on the crypto potential. Britain laid out a detailed plan to harness the potential of crypto-assets and their underlying Blockchain technology to make it easier for consumers to pay more efficiently. John Glen, the financial services minister, stated that Britain would legislate to bring some stabilizecoins within the regulatory net to create a global crypto-asset hub. This includes …