Indian Crypto Exchanges stopped instant Withdrawals and deposits

in #crypto • 7 years ago (edited)

Many of the Indian exchanges stop instant deposit and withdrawal of INR from banks?
This is the notification on Koinex’s website

Koinex:


Koinex gave the most subtle of the notifications by pinning one on their website. It says the INR withdrawals will remain shut till the further notice.

Coindelta:


CoinDelta has also notified its user about not depositing the fiat currency

Capture.PNG

Why this is happening??
Here is the answer
https://www.finallyjobless.com/indian-crypto-exchanges-stop-instant-deposits-withdrawals-inr/

See my previous post to know how to arbitrage to earn profit in India.
https://steemit.com/crypto/@quantumthinker/calculating-ethereum-arbitrage-profit-as-an-indian-user

#cryptocurrency #banks #india #blamethebanks
7 years ago in #crypto by
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     7 years ago 

    I did not knew about this thanks for sharing !!

    [-]
     7 years ago (edited)

    Everybody should know this. It is the monopoly of the banks. They know decentralization is inevitable.

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