Friday, 24 March, 2023

Kotak puts halt to cryptocurrency trading with CoinSwitch Kuber

<p>Kotak, which was one of the few Indian banking firms to embrace cryptocurrency, is reconsidering its position. According to sources, the private sector bank has stopped at least temporarily processing payments for exchanges with CoinSwitch Kuber, a prominent crypto middleman. It&#39;s unclear what prompted the call, but Kotak has opted to take a break until the crypto dust settles. Kotak&#39;s stand could deal a blow to the unregulated industry.</p>