Zebpay to Cease Operation

Reason for this decision is  reported to be the restrictive policy of the central bank in respect of cryptocurrencies
28 September 2018   944

Indian trading platform Zebpay announced the closure of the exchange service. The reason is the restrictive policy of the central bank in respect of cryptocurrencies.

The exchange of cryptocurrency on the platform will be stopped on September 28 at 16:00 local time. All unsettled orders will be canceled, and funds will be credited to customers on Zebpay wallets.

The curb on bank accounts has crippled our, and our customer’s, ability to transact business meaningfully. At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business. As a result, we are stopping our exchange activities.
 

Zebpay Team

Despite the halt of operations on the exchange , Zebpay's wallet functions will be retained.

Zebpay started operation in 2015. The platform app quickly became one of the most popular in India. The total number of downloads Zebpay for iOS and Android-devices reached a mark of 3 million. The application allowed to work with 22 trading pairs on the basis of 20 cryptocurrencies.

In July, the Indian exchange Zebpay suspended the withdrawal of the currency against the backdrop of restrictive measures by the authorities and, in particular, the ban on the provision of banking services to cryptocurrency companies.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   107

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.
 

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.