Bank account suspended for majority of Indian Bitcoin Exchanges

[knoxshaan]

Well, i was able to transfer the money from Zebpay to my ICICI bank easily on 23rd Jan. There was no issue at all.
Even if the banks stop it, people can still do it for cash. India is a developed market now for Crypto.

I was also able to transfer the money from zebpay to SBI bank on 26th Feb without any issue.

[1714521022]

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[1714521022]

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[1714521022]

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[1714521022]

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[cryptomoon1003]

Suspending bank accounts is not the solution..

Did banks forgot that bitcoin can be bought with cash in a nearby ATM ?

[newIndia]

Suspending bank accounts is not the solution..

Did banks forgot that bitcoin can be bought with cash in a nearby ATM ?

There is no Bitcoin ATM in India.

[equator]

Suspending bank accounts is not the solution..

Did banks forgot that bitcoin can be bought with cash in a nearby ATM ?

I think that you are living in USA or Japan country that is why you are commenting about bitcoin ATM, when all of them know that their is no debit card for Indian users and their is no Bitcoin ATM.

But still i have seen lot of my friends accounts are got blocked from their respective bank and when asked they just gave reason of cryptocurrency trading but some friends who have doing trading and even showing transaction in IT so they just showed all details and their accounts got cleared and they are now able to trade. So this should be problem with illegal money users who are trading to evade tax.

[btcblockchain]

India hold Neutral Status in cryptocurrency but govt consider it as commodity and asset  class investment where we need to pay capital gains but banks considering as threat is very surprising instead of taking it as growth and technology adoption they are giving warning for newbies

[deepakg2m]

Well, i was able to transfer the money from Zebpay to my ICICI bank easily on 23rd Jan. There was no issue at all.
Even if the banks stop it, people can still do it for cash. India is a developed market now for Crypto.

I was also able to transfer the money from zebpay to SBI bank on 26th Feb without any issue.

Even till today there has been no problem in transferring money from any exchange site to any Indian Bank and i am sure in future also it will not be a problem.

[wandino]

All the more reason why we need decentralized exchanges!