Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Ferandil on October 01, 2018, 02:05:44 PM
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Zebpay was one of the most popular in India. Unfortunately by countries regulations in this country this exchange must be banned.
Link to article --> here (https://www.spam blocked b/zebpay-shuts-down-its-platform/)
What did you think about this situation?
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Zebpay was one of the most popular in India. Unfortunately by countries regulations in this country this exchange must be banned.
Link to article --> here (https://www.spam blocked b/zebpay-shuts-down-its-platform/)
What did you think about this situation?
I think this project must be acuisition to other country for development and implementation.
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Most likely, this exchange was banned due to some violations of Indian law. It's good that there are enough worthy crypto exchanges and you can adjust to trade on any of them, besides of Zebpay
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This matter is for elite persons. Government and zebpay team didn't meant to be to promote crypto currency more. Probably, there are some irregularities due to unstoppable change of government approach to crypto. Someday both parties will come up to partnership for the country and for the people.
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Sometimes it happens with different services due to some laws and restrictions.
Good news is that there are still good exchanges which people can use instead of this one.
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I am sure, the prohibition of Zebpay is not without reason, surely the Indian government has special reasons why the exchanger is banned, if zebpay really wants to be free, they can correct the error and can make the Indian government accept it as an exchanger.
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That's a very complicated situation. If there is a solution, you should choose a place of exchange other than this popular Zebpay dive in India. I think there must be an alternative exchange place here to help Crypto users in this Indian Country.
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Zebpay was one of the most popular in India. Unfortunately by countries regulations in this country this exchange must be banned.
Link to article --> here (https://www.spam blocked b/zebpay-shuts-down-its-platform/)
What did you think about this situation?
I cannot say that this is definitely bad or good,especially since I personally do not trust my country's government. Although clearly need sane regulatory laws and independent audit for exchanges. The government should not put so much pressure on business, because it has a negative impact on the economy.
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Here (https://www.spam blocked b/blockchain-unit-in-central-bank-of-india-not-for-now/) is next article, the situation is constantly developing when it comes to India... this sounds really bad :/
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This is a matter of that state and its citizens. Because they have all these bans on cryptocurrency occur at the legislative level, not a group of robbers. As far as I remember, the authorities of India have banned the exchanges until they fully understand the status of cryptocurrency in their country! So I think they will all be fine soon!
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I see. That's the reason why the Zebpay exchange suddenly closed their project. I hope their country will going to allow the crypto too.
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Why did this happen in India? India is a good crypto enthusiast and many projects are developed in India. I think this will affect those interested in using Crypto in India.