Indian exchange Zebpay stops

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Indian exchange Zebpay stops

Indian marketplace Zebpay announced the closure of sharing digital assets. The reason was the restrictive policy of the Central Bank in relation to cryptocurrencies.

We are stopping our exchange. At 4 PM today, we will cancel unexecuted orders & credit your coins to your Zebpay wallet. No new orders will be accepted. The Zebpay wallet will work even after the exchange stops.

Read more: https://t.co/W8ygzPIYz1 pic.twitter.com/tPWCnyu7Yu

— zebpay (@zebpay) September 28, 2018

Exchange cryptocurrency on the platform will be stopped on 28 September at 16:00 local time. All unfulfilled orders will be cancelled and the funds credited to the customers wallets Zebpay wallet.

“Obstacles in the work with Bank accounts ruined our ability to provide services for business customers. At the moment we are unable to offer an effective solution to continue working with cryptocurrencies,” — explained closure of the service representatives Zebpay.

Despite the stop of operations on exchange cryptocurrency wallet functions platform Zebpay will be saved, which will allow users to make input and output means.

Zebpay started in 2015. The app platform has quickly become one of the most popular in India. The total number of downloads Zebpay for iOS and Android devices has reached 3 million App allowed to work from 22 currency pairs on the basis of 20 cryptocurrencies.

We will remind, in July the Indian stock exchange Zebpay stopped withdrawing Fiat currencies on the background of restrictive measures by the authorities and, in particular, a ban on the provision of banking services to cryptocurrency businesses.

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