Mark Mason
Well-known member
Indian Cryptocurrency Exchange Shuts Down, Highlights Importance of Censorship Resistant Money
ZebPay, one of India’s oldest and largest cryptocurrency exchanges, has shut down its operations from the Indian government’s indecisiveness on cryptocurrencies.
The Indian government has not made official laws with regards to trading cryptocurrencies, but back in April 2018, the Reserve Bank of India issued a notice to banks that prohibited them from dealing in cryptocurrencies. Thus, ZebPay’s blog post cited “[t]he curb on bank accounts has crippled our, and our customer’s, ability to transact business meaningfully” as reasons for them shutting down. The post added that “[a]t this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business”.
Read more - https://www.dashforcenews.com/india...hts-importance-of-censorship-resistant-money/
ZebPay, one of India’s oldest and largest cryptocurrency exchanges, has shut down its operations from the Indian government’s indecisiveness on cryptocurrencies.
The Indian government has not made official laws with regards to trading cryptocurrencies, but back in April 2018, the Reserve Bank of India issued a notice to banks that prohibited them from dealing in cryptocurrencies. Thus, ZebPay’s blog post cited “[t]he curb on bank accounts has crippled our, and our customer’s, ability to transact business meaningfully” as reasons for them shutting down. The post added that “[a]t this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business”.
Read more - https://www.dashforcenews.com/india...hts-importance-of-censorship-resistant-money/