One of the biggest and oldest Indian Cryptocurrency Exchange has announced it's closer in last week blaming the RBI ban as the reason of it's shutdown. It is a big news in indian cryptocurrency market. It is the first major effect on cryptocurrency market after the RBI ban in India.
In their official blog they said.
The curb on bank accounts has crippled our, and our customer’s, ability to transact business meaningfully at this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business".
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Other Exchanges like WazirX and Coinx are finding it's way to survive. They recently started P2P to continue there business. But zebpay doesn't survive this ban. Let's see who will win this roller coaster ride.
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