Home Breaking news: India’s largest cryptocurrency exchange, Zebpay suspends fiat withdrawals and deposits as banking support ceases

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Breaking news: India’s largest cryptocurrency exchange, Zebpay suspends fiat withdrawals and deposits as banking support ceases

FX Street

Published date: 4 Jul. 2018 | 13:51

Zebpay has from today, Wednesday 4 suspended all the deposits and withdrawals executed using the Indian rupee (INR). This is line with the central bank directive to the banks to cut support for cryptocurrency exchanges and related businesses. The exchange made the announcement on their website ahead of the deadline on Thursday 5. The Reserve Bank of India has been taken to court, however, nothing has been forthcoming in light of suspending the ban.

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