Bitcoin Forum

I got the email from zebpay regarding withdrawal of INR from zebpay wallet.I called them for clarification,Then they told me that 15 July is last day for withdrawal as per the court order.So if you want to withdraw your investment,then you can remember this date.

After this day,till the further order of the court ,you cant withdraw your investment in INR.

Hi All,

First they sold us bitcoing at 15 lac and now purchasing it back at 4.5 lakhs and blaming gov

and people think it will go 25000 k even if it go at that level Indians are not benefited

Thanks

In order to remind the people, they announced the date until the bank is operational, previously RBI mentioned we banned the banks without any verification, on July 15th RBI should answer the question to the people who raised the petition about the cryptocurrency ban. Everything we have to wait and see because my idea the case will extend further in order to get more clarity for court.

yes zepay will ban in india after july 15th i was got email from zepay so we all withdraw from money before july 15th and after there do not have any activities. 
https://support.zebpay.com/hc/en-us/articles/115001020209-What-if-Indian-government-bans-bitcoins-

Why there is no message from unocoin? Did RBI allowed them?

All other exchanges are trying their best and writing to RBI that crypto is not a threat to Indian Economy and that they are doing everything in their power like proper KYC and all to avoid money laundering through crypto currency. No other exchange has sent any mail to other investors regarding the last date of withdrawal.

No but others are optimistic that maybe RBI will take back its decision and allow the banks to provide their services to crypto exchanges while zebpay just wants to make profit by buying the BTC at low price from their users. That's why only they had send mails to people.

I see zebpay is offering 4 lakhs. 50k less than market price.
They also offer buy at this price of 4 lakhs. What if some buy at this price?
 As per experts btc may fall to $1350

Or or even lower

Nobody can expect the crypto market correctly. People were saying bitcoin will cross 100K $ and won't look back but that hasn't happened yet. Everything in crypto is a guess but the only difference is that some people make educated guess which as high chances of happening. As of now, I think this small bearish cycle is over and we'll start recovering in next few days. Stay Optimistic.

No,there is no exchange , which is allowed for this.
But there is no warning coming from bank about this,So some exchanges are not sending any alert mail to their customers.

I think the Koinex exchange and their INR withdrawals will still work. because they have an overseas banking partner.

They sold at 15 lac because the demand was so much and even international prices where high. Also they never said any one to buy at that rate it was you who taught when it reached 15 lac it can even reach 20 lac and you bought it. So now you cannot blame anybody else for it.

It is still not clear, Zebpay played a big game or is genuinely concerned about its users, as reported by BTC Wires. No other exchange is that much worried like Zebpay.
https://www.btcwires.com/c-buzz/is-zebpay-leveraging-profits-of-a-setting-market-regulation

They shoot 6 emails which seem fishy and includes how they impacted the price of Bitcoin massively, causing it to fall by more than 1 Lac INR (~1500 USD).

I fell something Big is going behind all this plan.

yes zepay will ban in india after july 15th what we can do ?

As I remember, last date is 5th July. 3 months are completing on that day.

Maybe all other indian exchanges may have an overseas banking partner. That's why they didn't send you guys any emails . I am sure Zebpay will also find a solution for this crisis.

Zepay has not been banned. they can transfer their server or other hardware outside India and set up their office there. After 15th July, you cant withdraw your amount in your account. You can trade or transfer to other accounts.

Well, you have an easy option. Do not sell the coins back to Zebpay.
Withdraw your bitcoins and keep them.

There services are already outside india. In USA at cloudfare.com

As I know that their will be problems when using the exchange for trading as till it is not clear about the status of bitcoin. I always use P2P exchange to buy and sell my coins. Still it is safe as the deal is direct from the buyer and seller