Zebpay Shuts Down Exchange Services as Regulation Bites

[kreslik.news]

Zebpay, an Indian cryptocurrency exchange-operator, announced this Friday that it will cease operating as a cryptocurrency. Updating its clients via its Medium blog, the broker said that problems with payments and banks meant it wasn’t feasible for it to continue operating its exchange service.

Indian authorities have treated cryptocurrency in a rather mercurial fashion over the past couple of years. In April of this year, for example, the Reserve Bank of India (RBI) – the country’s central bank – announced that firms had 3 months to cease any cryptocurrency exchange activities.

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18][b]Join the Leading Industry ... ([url=https://www.financemagnates.com/cryptocurrency/exchange/zebpay-shuts-down-exchange-services-as-regulation-bites/]read more[/url])