Still no precise regulation: Indian stock exchange Coindelta closes its gates

As in most countries in the world, India still does not have precise cryptocurrency regulations. The Indian government's disagreement has now led to a crypto exchange ceasing its services. After the Indian stock exchange Zebpay ceased its services at the end of 2018, Coindelta will also close its doors for the first time. The exchange shares this on their website mit.

Cryptocurrencies must be withdrawn by April 29th

Now another crypto exchange has hit: next to ZebPay will also be Coindelt to must cease operating after 18 months of existence. As Main reason it remains unclear Handling cryptocurrencies on the part of Reserve Bank of India (RBI).

On your Website communicates the company:

Dear users,
To our regret, we are no longer able to offer our service to a cryptocurrency exchange. It has been really difficult to run Coindelta in the past 6 months. The throttling of RBI makes it impossible for us to offer problem-free deposits and withdrawals. There has been no significant progress by the Court, which makes it difficult for us to see what the regulations will look like.

Despite all efforts to optimize the customer experience and reduce costs, the Exchange no longer operated economically will. For this reason, it has been decided that Trading expired on March 30, 2019 to put. Open trades were canceled and the invested cryptocurrencies returned.

The Wallet service will, according to the official announcement until April 29, 2019 be available. So Coindelta users are scarce 30 days timeto transfer their cryptocurrencies to another exchange or own wallet.

The closure of the stock exchange is likely, however no final decision represent. As Coindelta says, it is hoped that the "economic environment will be conducive enough in the future to support innovations and to have the opportunity to serve customers better."So it will be interesting to see how the topic of regulation develops and whether Coindelta will not come back under better conditions.

On too Twitter the company announced the news of the closure:


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