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Market Cap:
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Cryptocurrencies: 23066
Bitcoin Bitcoin Share: 56.51%
Markets: 93789
Cryptopolitan
2022-04-23 11:00:07

RBI rejects MobiKwik`s payment aggregator license application on crypto association grounds

RBI rejects MobiKwik`s payment aggregator license application on crypto association grounds

TL;DR Breakdown The Reserve Bank of India (RBI) turns down MobiKwik`s application to run Zaakpay. MobiKwik halts taking in more clients while existing clients have 180 days to fold. RBI`s reason for rejection is tied to MobiKwik`s support for cryptocurrency. The Reserve Bank of India (RBI) has denied MobiKwik’s payment aggregator license owing to its...

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