India’s Bank Account Ban Ineffective as Crypto Exchanges Adapt Quickly

India’s Bank Account Ban Ineffective as Crypto Exchanges Adapt Quickly
фото показано с : bitcoints.com

2018-7-5 11:37

As previously reported by CoinDesk, the Supreme Court held a hearing on Tuesday and said the Reserve Bank of India’s (RBI) circular issued in April will “remain implemented,” which prohibits banks from facilitating fiat transactions on Indian crypto exchanges.
However, Zebpay said the fiat-to-crypto and crypto-to-crypto trading services are still on.
According to data from CoinMarketCap, Zebpay is seeing over $5 million trading volume in the past 24 hours.
Meanwhile, other exchanges appear to be not deterred and said they will continue allowing investors to deposit and withdraw fiat currency even if the RBI’s circular indicated July 5 as the deadline for bank account closure.
On the other hand, shifting to over-the-counter trading has also become one strategy that several Indian exchanges are taking to circumvent the RBI’s bank account curb.

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exchanges india crypto bank said facilitating fiat

Источник: bitcoints.com

exchanges india → Результатов: 18


South Asian Banking Ban dealine around the corner, causing Zebpay exchange to stop.

One of India’s largest exchanges Zebpay announced it was freezing Indian rupee deposits and withdrawals July 4, a day before a controversial bank ban on cryptocurrency businesses comes into effect. “INR deposits and withdrawals have been paused in the Zebpay app until banks allow us again,” an update to the original warning reads. On Tuesday,

2018-7-5 21:00


Breaking: Supreme Court of India refuses to grant temporary stay against RBI’s cryptocurrency restriction

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2018-7-4 23:57


Фото:

Court Says India’s Crypto Trade Bank Account Boycott Will Continue

India’s highest court has declined to end a ban enacted by the national central bank that bars the country’s crypto exchanges from doing business with regulated financial firms. Bloomberg reported Tuesday that the Indian Supreme Court, led by Chief Justice Dipak Misra, said that the Reserve Bank of India’s (RBI) prohibition on providing services to crypto-related

2018-7-3 21:52


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Crypto Exchange Rougeies Trading Banks and RPIs in India

Exchanges Cryptocurrency exchange Belfrics has resumed trading operations in India after halting earlier this year due to banks refusing to provide payments solutions to the exchange. Japan Confirms Entrance Into the Crypto Space Belfrics Resumes Trading Operations in India Belfrics, which claims to be “India’s fastest growing cryptocurrency exchange and blockchain development platforms,” announced on

2018-6-27 08:25


Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure

One of the largest crypto exchanges in India, ZebPay, announced that as of June 22, it could be stopping all withdrawals to fiat in Indian Rupee from its platform. This comes on the back of an April 5 declaration by the Indian government that all banks must stop acting as intermediaries between exchanges and their […] Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-6-23 14:28


Indian exchange Zebpay might stop crypto-to-fiat conversions

One of India’s leading cryptocurrency exchanges, Zebpay have announced that they may soon have to make some changes. In light of the decree that was released and distributed by the Reserve Bank of India, the exchange, that previously has and still does provide the service of converting crypto assets into fiat currency and subsequently depositing The post Indian exchange Zebpay might stop crypto-to-fiat conversions appeared first on ItsBlockchain.

2018-6-21 12:58


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