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   750

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.

Bitcoin Card Shift by Coinbase to be Deactivated

There's no info on reasons for this decision, but Shift Payments hope to relaunch the program and issue new cards in the near future
18 February 2019   82

Representatives of Shift Payments have announced the completion of the debit card service program for clients of the American cryptocurrency company Coinbase. So, from April 11, the cards will become invalid, according to The Block.

Note that the issuer of bitcoin cards with support for networks of Visa and Mastercard was Metropolitan Commercial Bank.

As reported, Shift Payments said that they "hope to relaunch the program and issue new cards in the near future." It remains unclear why the debit card is shutting down.

Debit bitcoin cards became available to Coinbase users in November 2015.