After having spent months attempting to persist in the face of the Indian central bank’s cryptocurrency ban, Indian crypto exchange Zebpay has announced that they can no longer continue and will be closing up shop.
Zebpay announced the development via Twitter:
https://twitter.com/zebpay/status/1045568047971352576
The exchange provided customers little more than a few hours’ notice before shutting down its trading service on Friday. All unexecuted ordered were canceled, and coins/tokens were credited back to customers’ wallets. The exchange affirmed that no new orders will now be accepted until further notice.
Zebpay expounded on the matter further via a blog post on Medium, claiming that they had attempted to persevere and look for solutions despite “regulatory and banking problems”, as they did not want India to “miss th...
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