Topic: RBI GIVEN DEAD LINE TO ZEBPAY (Read 265 times)
I think it's a very bad news for us.after that news the market will be go down. but I hope there will be given a chance to investors withdraw money which is investing this market
After reaching 8 million in trade a month ago the exchange is going down....fast:
And the ones that have ignored the advice to withdraw funds are now trapped and the only change is to buy BTC at 7100$, that's more than 10% over the global market price.
Reminds me of MtGox times
And the ones that have ignored the advice to withdraw funds are now trapped and the only change is to buy BTC at 7100$, that's more than 10% over the global market price.
Reminds me of MtGox times
It already has been stopped and this is really a bad news for the whole crypto industry. India is one of the most technology friendly country. I hope the tech-celebs will say something about the decision and the Govt of India will reconsider their decision
It’s really disappointing for us also this types of things really affect the crypto market based on this situations Indian govt. Should think about this matter also this good at least they give chance to customer to withdraw their money based on this market will be suffer.
how many times u will repeat the topic
before writing the post please read all the replys and see the posts which is belong to me
firstly i will not repeat the post anywher and this is not a school or clj to copy the topics and repeat it
how many times u will repeat the topic
This is a sad news for the cryptocurrency market. The government has a fear that they are unable to control the activities which are taking part in the crypto market because the users are always anonymous. But nevertheless, people can still exchange the cryptocurrency for fiat thorough other exchanges available.
AS per indian goverment RBI OF INDIA given dead line to ZEBPAY till 5th july to his costemer for withdraw or exchange
is currently entering the 6th of July, I have not heard anything else. I do not think this will have a big effect on the market, and for now India has no more power to shake up the market circulation
That's not a good news at all. I think we should wait to see what happens finally. I don't think they are going to totally ban cryptos from India.
AS per indian goverment RBI OF INDIA given dead line to ZEBPAY till 5th july to his costemer for withdraw or exchange
i dont get this message to his costemer " to his costemer for withdraw or exchange," do you mean they will illegalise zeppay?They simply ordered the banks to stop dealing with exchanges.
Nothing else.
Zebpay (and all the others) can continue acting like an exchange but without fiat deposits and withdrawals.
It is a very sad news for the crypto community that Zebpay has been given deadline by the RBI. Downfall of crypto transactions for all the Indian exchanges.
This news is a drawback to the market of cryptocurrency. The users of cryptocurrencies have the advantage of staying anonymous. This has concern the government as government or any third party cannot interfere in the market of cryptocurrency. But still the users has the option to convert their cryptocurrency to fiat money.
AS per indian goverment RBI OF INDIA given dead line to ZEBPAY till 5th july to his costemer for withdraw or exchange
i dont get this message to his costemer " to his costemer for withdraw or exchange," do you mean they will illegalise zeppay?
India is the place where so many tech-celebs belong to. So, in India, this kind of decision taken by RBI is really disappointing. I think so many crypto enthusiast in India will fall down now which is not good for the market. However, I think tech-celebs will interfere in this issue to resolve the issue and legalize crypto in India through the announcement by RBI.
India is a Bitcoin irrelevance right now.
Two accessible metrics are localbitcoins volume, which is 154 BTC for 1.3 billion people. And full nodes which is 10, so 1 per 130 million people.
That's no great loss to Bitcoin. There is vast future potential that they're throwing away, but I wouldn't expect anything less from a country willing to impoverish its own people by destroying their cash. What makes you think they'd permit something like crypto?
India is the place where so many tech-celebs belong to. So, in India, this kind of decision taken by RBI is really disappointing. I think so many crypto enthusiast in India will fall down now which is not good for the market. However, I think tech-celebs will interfere in this issue to resolve the issue and legalize crypto in India through the announcement by RBI.
It is a bad news for this crypto market. For this reason i think bitcoin price will may fall down because so many zebpay users sell their project. Demand will decrease also.
AS per indian goverment RBI OF INDIA given dead line to ZEBPAY till 5th july to his costemer for withdraw or exchange
Zebpay actually they are stupid and showed all the traders details to the tax department as my Indian friend confirmed with me. I do not know why they have not ran their business on free zone areas. If they do that they will never get these kind of problems dude.
Whatever the government they actually do not able to stop the usage of bitcoin transaction to fiat cash. If the zebpay closes in other exchange you can find the good price. Before zebpay came to the market my friend only goes with LBC to change the BTC to fiat.
You should have put the source with the post. Otherwise it's tough to believe the news to be true. But as much as I know the news is true and I am very sad for that. A negative news again. I am worried about the prices.
That's really sad to know. I know in future RBI itself will go in favour of Cryptocurrency.
This is really a shocking news in recent time. So many traders will move out from market for this decision. I hope RBI will rethink and will take favorable decision in future for the crypto traders.
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