2018-7-24 20:15 |
Unocoin, a major Indian crypto wallet provider and exchange, has suspended rupee (INR) deposits and withdrawals “as per orders” from the country’s central bank, according to Unocoin’s blog post July 23.
Unocoin notified its customers that fiat deposits and withdrawals are “temporarily disabled” until “an alternative method of funding is identified and deployed.” Meanwhile, crypto asset deposits continue to be active on both Unocoin’s crypto-rupee trading platform and partner crypto-crypto exchange Unodax.
On July 4, another major domestic exchange, Zebpay, preempted the deadline by freezing fiat deposits and withdrawals.
That same day, fellow exchange WazirX revealed it would transform into a P2P platform so as to avoid in-house crypto-fiat conversion.
Last week, the court deferred the final hearing on the ban, originally scheduled for July 20, until September 2018.
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