RATE Group | Zebpay Indian clearance comes as ban lifts
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Zebpay Indian clearance comes as ban lifts

19 Mar Zebpay Indian clearance comes as ban lifts

Posted at 23:17h in Cryptocurrency News by

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Apparently, the cryptocurrency exchange Zebpay Indian clearance has come right about the time when the Supreme Court of India has already ordered the Reserve Bank of India to lift the self-imposed ban on the cryptocurrency.

Per the latest reports, the Zebpay crypto exchange has now confirmed that the exchange went through an inspection by the Indian government’s Ministry of Corporate Affairs and was found to have some ‘violation.’ However, as per the reports, the matter is now closed.

Zebpay Indian clearance saga

Chief marketing officer at Zebpay, Vikram Rangala in this regard, stated that the inspection was conducted at the start of 2019, and the case was closed in September. As for the violation that brought the Zebpay Indian clearance saga was on an accounting error that was then corrected and along with some fine. Rangala furthermore stated that the error occurred due to the reason that regulations for recording and reporting the crypto transactions were not established or…

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