Topic: RBI GIVEN DEAD LINE TO ZEBPAY - page 2. (Read 260 times)
It is true that government has instructed banking institutions to stop giving service to the companies involved in crypto trading. However, I don't see any impact of this decision in the long-term because as the individual user we can always trade crypto to fiat and vice versa even though the banking channels by taking the help of platforms like localbitcoins. On the other hand, this decision will definitely affect the profit and revenue model of domestic cryptocurrency exchanges and that's the reason why they have introduced crypto to crypto trading in India recently.
AS per indian goverment RBI OF INDIA given dead line to ZEBPAY till 5th july to his costemer for withdraw or exchange
You should attach a link, so readers can better understand with your writing. after I read the news (https://www.businesstoday.in/current/corporate/india-biggest-digital-exchange-zebpay-asks-users-to-withdraw-money-before-rbi-deadline-on-july-5 /story/279689.html)
I can understand. so Bank India tells Bticoin users in India to make a withdrawal by the time limit until July 5th.
Bitcoin users are confused because Bitcoin's price drops to 20%.
I think, this news is bad news for Bitcoin users in India.
hopefully things will get better in India
I know this will turn bitcoin to goes down again even if it not recovers yet and still bad news is coming this will make market unstable since every indian users in zebpay will sell weather bitcoin value are at red and it will be the lost of the investors selling at this moment.
This is really a sad news but we all know government always hate to deal with cryptocurrencies and they actually have fear of losing their control over financial system.
I think zebpay will continue to serve as crypto vs crypto exchange, Indian people now might have to depend more on p2p exchanges like localbitcoins and paxful.
I think zebpay will continue to serve as crypto vs crypto exchange, Indian people now might have to depend more on p2p exchanges like localbitcoins and paxful.
Not only Zebpay, July 5 is a broad deadline for all Indian exchanges/banks, got a mail from Unocoin yesterday. Guess, Coinsecure is busy with their 5-day compensation period. This is the time, want to withdraw, do so. Exchanges are always blamed for their incompetence, here that ain't the case, they are requesting/appealing. If you want, get convert it to INR at a loss or move it to a wallet (having access to private keys). With this government Rupee has crashed to an epic low of $69. Maybe offtopic, but it changes next year, 2019. Have faith, hold it or sell it.
AS per indian goverment RBI OF INDIA given dead line to ZEBPAY till 5th july to his costemer for withdraw or exchange
Learn how to create a topic that won't end in the trash can...
Mention a source:
RBI deadline on cryptocurrency: Bitcoin exchange Zebpay asks users to withdraw money
Use proper English and if you can't make write down more than one line at least pay attention to that.
If you can't do even that just copy paste and mention the source (same as the one I posted above)
Quote
As the RBI deadline for banks to stop doing business with cryptocurrency exchanges in India expires on July 5, one of the biggest digital currency exchanges in India Zebpay has asked its users to withdraw their money before the deadline ends.
Lets wait for positive hearing from supreme court against regulations of crypto currency
sorry to hear that , its badnews to cryptocurrency 
AS per indian goverment RBI OF INDIA given dead line to ZEBPAY till 5th july to his costemer for withdraw or exchange
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