Bitcoin companies warn customers of Risk

If you have invested in Bitcoin or any other cryptocurrency, the crypto-exchange service providers are warning investors about the risk of sale and purchase of bitcoins in the future.

As the ban on cryptocurrency continues in India, RBI circular banning banks and financial institutions from providing cryptocurrency services in the country.

Talking about the warning, Zebpay websites has a warning and it says, “As per a recent RBI action, banks have been told to discontinue banking services to those dealing with virtual currencies. While our industry is challenging this legally, the outcome is beyond our control.”

“Hence, if you are holding any rupees, or depositing any rupees in Zebpay, there could soon come a time when we may not be able to honour withdrawal requests. Please continue only if you understand this risk”, according to Zebpay website.