Last year (2018) we saw Zebpay closed their cryptocurrency exchange services and now another exchange Coindelta has stopped their services in India. This is very sad news that two cryptocurrency trading exchanges are closed because of Banking ban by Reserve Bank of India.
The reason they have mentioned for this shut down is banking ban like Zebpay. As per them its difficult to operate without fiat support and they were struggling since last 6 months and now finally decided to stop.
In this difficult situation other Exchanges like Bitbns and WazirX have come forward to help the traders. They have announced all deposits from Coindelta to their platform will be free and they won't charge any transaction fee. They will refund 100% of the transaction fee. This is indeed a great help to traders of Coindelta as they must be worried about their holdings and now atleast they can move it without any charges.
I appreciate this move by both the exchanges and hope other Exchanges like Koinex.in etc will also do the same.
Here is the news article explained this information in details.
Talking about the latest news about the case between Indian cryptocurrency exchange and Reserve Bank of India (RBI). Hearing which wa supposed to happen on 29 March has again pushed yo another date. This is the sixth time when every time a new date is given rather than taking it to closure. Looking at the current scenario it seems regulations are far far away for Indian crytpo traders and exchanges.
Here is the news article sharing the detailed information about the case.
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