CRYPTO EXCHANGE WORKING ON INDIAN GOVERNMENT BAN.

in #crypto6 years ago (edited)

India's cryptocurancings exchanges are completed this week when the country's Supreme Court has tried to restrict its ability to access bank accounts - and trading platforms have been active before. Another date in the court by the end of this month.

India's largest cryptow exchange, zebpay, in a tweet, said in a tweet on Wednesday that the Supreme Court's decision earlier this week stalled the deposit and withdrawal services of Indian Rupee.

The Supreme Court on Tuesday said that the circular issued by the Reserve Bank of India (RBI) in April "will continue to be", which will ban banks and other controlled financial companies. Business in cryptan exchanges.

However, zebpay said that crypto and crypto-crypto services are still active from its official law. According to the coinmarketcap, in the last 24 hours, zebpay has seen trade size of more than $ 5 million.

While the company did not make any further decision in the court's decision, Zebpay Chief Executive Ajit Khurana said in a tweet:

"I'm very sad, but we'll keep trying to remove things." Crypto is good for India. If you do not create your mind as a nation, then you will be caught wrongly. Part of history and the crypto bus missed and it is a tragedy. "
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In the same way, they announced a few exchanges with some small sections in India that they canceled the currency and the withdrawal of cement in the cement, such as the sinoamand piexo.

Meanwhile, other exchanges have not been seen, and according to the RBI circular, the deadline for July 5 to close bank accounts, it was said that they would be allowed to allow official currency deposits and withdrawals.

For example, BITBNS confirmed on Tuesday that after 5 million dollars, the Indian Rupee will continue to deposit and withdrawal services. .

For more details, the exchange did not respond to the Coindesk query. Similarly, another small exchange called KoinOK also says that official currency deposits and withdrawal services are still working!