hey friends dont be Panic in India zebpay announcement that ban of INR
dont worry guys another lots of option
India Flash Crash: Bitcoin [BTC] to $5700 and Ethereum at $459 post Zebpay’s notice to users
Zebpay’s recent notice to Indian users, titled, ‘Prohibition on dealing in Virtual Currencies’ warned that Zebpay will not be able to process the INR withdrawals or deposits if it does not have a supporting bank. Within hours of this announcement, everything from Bitcoin, Ethereum, Ripple and other assets crashed by more than 10% in some cases.
As per the notice by RBI, the financial banking sectors under the purview of the RBI are to comply with the directive by July 5th. The next hearing for the same is said to be scheduled for July 20th. The current “panic-selling” is what the Indian crypto community called temporary and they expect a pull-back pretty soon.