Unocoin and Zebpay: Cryptocurrency transactions are not banned in India

After India’s central bank (RBI) issued a statement banning cryptocurrencies, Sathvik, the founder of India’s cryptocurrency exchange Unocoin, stated that the banks they worked with did not issue any notifications. According to RBI’s notice, the legitimacy of the cryptocurrency remained unchanged because the notification did not mention To its legal status, but more is related to password-related risks. Zebpay, another cryptocurrency platform, also issued a press release on RBI notifications and stated that they will continue to provide services and that all customers’ funds are secure on the platform. However, the sudden interruption of banking facilities may affect the ability to service deposits. And withdrawals. Prior to this, Coindcx’s new Indian cryptocurrency exchange still offered currency trading.

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