Zebpay closes fiat: The largest cryptocurrency exchange in India, Zebpay, has suspended fiat deposits and withdrawals as a result of the India crypto banking ban.

Dear User,Today we are disabling the rupee deposit and withdrawal options on the Zebpay app. This is being done in light of the bank account closures as per the RBI guideline.More details here: https://t.co/bptLZXFL7R pic.twitter.com/NEvVNHgJiP
— zebpay (@zebpay) July 4, 2018

Zebpay Closes Fiat: Deposits and Withdrawals Suspended

Zebpay users will not be able to withdraw rupees until the cryptocurrency exchange finds a banking service that allows the withdrawal.

The company states that in the meantime, its users can place a withdrawal request and it will return the rupee balance when a financial system is found.