The precarious blockchain regulation situation in India is forcing the country’s leading cryptocurrency exchange desk to resort to extreme measures. Zebpay has abruptly begun asking its users to withdraw their Indian Rupee (INR) funds from the exchange. For some context, India’s central banking authority — Reserve Bank of India (RBI) — issued a directive in April to all Indian banks asking them to withdraw support to cryptocurrency businesses in the country. Without the support of the banks, cryptocurrency exchanges in the country won’t be able to offer trading against fiat currencies anymore. Zebpay has promised that the cryptocurrency-to-cryptocurrency trading on…
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