Indian cryptocurrency exchange stops trading

MarketsSeptember 28, 2018, 10:23AM EDT
UPDATED: September 28, 2018, 10:25AM EDT
Indian cryptocurrency exchange stops trading
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Zebpay, once the largest cryptocurrency exchange by volume in India, announced on Twitter that it will be shutting down their exchange. 

"At 4pm today, we will cancel unexecuted orders & credit your coins to your Zebpay wallet. No new orders will be accepted."

In a blog post, Zebpay explains that the decision to halt trading was related to a ban that prohibited domestic banks from offering financial services to crypto exchanges. The ban was issued earlier this year by India's central bank. (Source: CoinDesk)


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