Zebpay, India's top cryptocurrency exchange shuts down operations

India's biggest cryptocurrency exchange 'Zebpay' shuts down its operations after being plagued by RBI's restrictions.

RBI's restrictions put cryptocurrency market in trouble in India, prohibits cryptocurrency companies' access to banking services while shutting down all related accounts.

Zebpay, on September 4 said that the company will refund the user's amount deposited on the Zebpay account and will cancel all unexecuted crypto-to-crypto orders and credit your coins/tokens back to your Zebpay wallet. No new orders will be accepted until further notice.

Further company added "Please note that the Zebpay wallet will continue to work even after the exchange stops. You are free to deposit and withdraw coins/tokens into your wallet"