Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain
Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.
How do i update my Ethereum wallet?
1. Go to our website /]MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.
Please note that you need to manually update your wallet, failure to do so may result in funds being lost.
We are taking these measures to protect both you and our network from phishing and malicious attacks.
Thank you for your cooperation and understanding!
MyEtherWallet Security Team.
If you use other methods, then ignore this message.
Topic: Zebpay Disables Rupee transactions (Read 267 times)
Let's see how it is that day. The government does not support blockchain technology but has some problems with cryptographic transactions.
It is true that Reserve Bank of India has instructed banks to stop giving services to the companies involved in cryptocurrency exchange services. However, as an individual user, we are always free to use banking channels for crypto trading. There is no law prohibiting us from exchanging cryptocurrencies with Fiat currency at least at this stage. On the other hand, I am expecting any decision from the government in the next year because we will see a new government within a year.
Following the Reserve Bank of India (Indian central bank) instructions to the Banks operating in India prohibiting any transaction relating to crypto currency. The Indian Banks banned it's customer's accounts for transactions for sale purchase of crypto.
Zebpay is crypto provider exchange in India which was facilitating Indian citizens to sell or buy crypto. Now it has announced no further transactions in rupee.
Under present circumstances; the future of crypto market in India seems dim.
But Govt of India is very much supportive to digital transaction market. What is your opinion; whether you see any chance in near future when Govt will remove such restrictions?
As long as the government is in cryptocurrency side,this will be settled,maybe this conflict is happening because of some issues that has been not clarified and as we know,banks are against crypto but they cant stand this for long ,if they dont adapt our technology then they must accept the end of their business in short time as our technology is starting to rule the world Zebpay is crypto provider exchange in India which was facilitating Indian citizens to sell or buy crypto. Now it has announced no further transactions in rupee.
Under present circumstances; the future of crypto market in India seems dim.
But Govt of India is very much supportive to digital transaction market. What is your opinion; whether you see any chance in near future when Govt will remove such restrictions?
I think there is still a positive side to this news, even though banks prohibit the exchange of transactions using rupees but the government still gives freedom to holders and users of crypto money. And this means people can still use their bitcoin and crypto money for peer-to-peer trading.
That's very sad to know. It would've been better if the authority actually knew the importance of it before actually banning them. Fortunately India didn't have a large Zebpay base but nevertheless Cryptocurrencies keep getting banned and coming back in countries so it is hoped that the ban will be removed in future.
iIndian exchanges has stared new way of trading
https ://m.businesstoday.in/lite/story/bitcoin-ban-how-cryptocurrency-exchanges-are-circumventing-rbi-circular/1/280005.html
https ://m.businesstoday.in/lite/story/bitcoin-ban-how-cryptocurrency-exchanges-are-circumventing-rbi-circular/1/280005.html
It's just a strategy for the Indian government to start stocking up on some cheap crypto. China done the same trick last year causing a dump in the markets, then they made it legal again. India will do the same, just be patient and keep trading on the exchanges
That was relay a very sad news. I didn't expect such restriction from India. But I think soon they will take over the restriction when they will find the usefulness of cryptocurrency.
This is really sad news for us also this is really disappointing for users based on this topic. Zebpay is really interesting you can exchange this from another country but there is trouble so it’s hard to exchange though India banned this system so we can’t do any transactions.
It is very bad news for the Indian crypto investors that the country has banned cryptocurrency transactions. RBI has recently announced it but I think as the Indian government is very supportive to digital transactions in the future their might be a chance for accepting cryptocurrency again.
I really wish if I could say something positive but unfortunately this news is true, India Central Bank ban any kinds of transaction with cryptocurrency so it's not possible to deal with rupees but good news is many people are speaking against it so we have still hope that situations will be changed.
I think they have announced this way ahead and given enough time to users to withdraw any rupees they have in platform before they will stop supporting it
that happened a while ago (if i am not mistaken it was either 2 weeks or 3 weeks ago). they gave the warning and let everyone withdraw their fiat if they wanted.Quote
because only trading crypto for fiat is illegal in India right now.
do you have any prove for this or are you making a random guess based on FUD topics you read in here? Recently the zebpay has stopped transactions in India. People got stuck who invested on zebpay and having troubles to exchange the currency on indian fiat rupees.
I think they have announced this way ahead and given enough time to users to withdraw any rupees they have in platform before they will stop supporting it also they can still withdraw cryptocurrencies from the platform because only trading crypto for fiat is illegal in India right now. Government sucks and this is one example of what government can do when they start to have fear of bitcoin replacing financial system and banking channels.
Agreed that Indian govt. is so much techno supportive but can't understand the decision taken bby RBI. However, I guess time will change and Indian Govt. will allow Zebpay to buy and sell crypto again in India.
it is funny how everyone is talking about India right now, a country that nobody even cared about until these days. you never saw anything about it last year, barely even 1 topic talking about how bitcoin price used to be up to 40% higher than the price in USD markets because of the massive demand that exists over there.
and the funnier part is that nobody seems to be talking about how that price is starting to pick up and go higher and the volume on localbitcoins is rising up to the moon.
and the funnier part is that nobody seems to be talking about how that price is starting to pick up and go higher and the volume on localbitcoins is rising up to the moon.
Recently the zebpay has stopped transactions in India. People got stuck who invested on zebpay and having troubles to exchange the currency on indian fiat rupees.
Are they taking revenge that RBI banned crypto currency?
RBI (Indian Central Bank) prohibits crypto transaction then this?
RBI is part of the government agency of India right then how it can be that they are supportive but their Central Bank is halting it?
RBI is the Reserve Bank of India and is in some way a part of the Indian Government. The Supreme court recently said the RBI to further process the ban on transactions of crypto and this has lead to popular exchanges to stop transacting on INR - crypto transactions. The government does support the blockchain technology but has some kind of problems with crypto transactions. The only way I find good things happening is when the Indian government releases their own cryptocurrency and process transactions on the blockchain network.But Govt of India is very much supportive to digital transaction market.
RBI is part of the government agency of India right then how it can be that they are supportive but their Central Bank is halting it?
Early days of ICO's I thought that Humaniq is the cryptocurrency for Indians or it is just a crypto made by an Indian team?
I think it takes a lot of places in India to receive real bitcoin payouts. If the central bank is unwilling to cooperate with the exchangers but the Indian government still gives permission to use digital money then there is still a chance for people to be able to use their bitcoin significantly.
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