In April 2018, the Reserve Bank of India announced the prohibition of cryptocurrencies. However, cryptocurrencies have not been banned in India since March 2020 — as a result of the Indian Supreme Court decision that overrode the Reserve Bank’s circular. However, ever since April 2018, there have been rumors about an unofficial ban on crypto in Indian Banks. Earlier this week, The Reserve Bank of India published an official notice denying these rumors — clarifying once more that it is legal to buy, sell, and trade crypto in India.
The recent notice from the Reserve Bank of India shows that the demand for cryptocurrencies is growing in India. In order to provide convenient and safe ways to earn through crypto trading, LATOKEN announces a partnership with UPI and other popular mobile wallets in India.
LATOKEN added direct purchase of cryptocurrencies through India’s most popular payment methods, including UPI, Airtel Money, PhonePe, OLA Money, MobiKwik, and Reliance JioMoney. LATOKEN also expects to add Paytm to its list of integrated wallets for users in India.
Indian users can now buy their favorite cryptocurrency on LATOKEN’s fiat exchange widget. Simply select INR to USDT and click on BUY with UPI.
Start TradingAbout LATOKEN
LATOKEN, an international cryptocurrency exchange and IEO platform with over 1,500,000 users across the world, is one of the few exchanges to list highly ranked tokens.
LATOKEN, a leading crypto exchange, makes investing and payments easy and safe worldwide. LATOKEN brings trading and banking to blockchain technology to automate transaction processing and save billions of work hours per year. A single year after its initial launch, LATOKEN got over 750k downloads on Google Play and over 1 000 000 followers on socials.
Entrepreneurs looking for funding can consider the LATOKEN IEO Launchpad. There are 240+ digital assets available for traders with the option to connect using RESTful or WebSocket APIs on the LATOKEN platform.
