Poorva Tuteja

Nov 22, 2021

5 min read

Indians continue buying cryptos via P2P and other methods even after UPI halt

Though most top exchanges saw a surge in buying activity in the last few weeks, as much as 60–80% of all transactions are now happening through some of the new methods introduced by the crypto exchanges.

The Reserve Bank of India has been quite vocal about its reservations on virtual currencies. Governor Shaktikanta Das recently said the central bank had conveyed to the government its “serious and major” concerns around crypto and its financial stability.