Home News Exchange Zebpay Re-enables Bitcoin Cash (ABC) for Indian Wallet Holders

Zebpay Re-enables Bitcoin Cash (ABC) for Indian Wallet Holders

December 21, 2018 13:20
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Cryptocurrency exchange Zebpay said they would be re-enabling bitcoin cash, which had come to a halt, after the bitcoin cash hard fork. The hard fork which took place on November 15, 2018 resulted in the birth of two new coins- Bitcoin Cash ABC which was supported by Roger Ver, founder of bitcoin.com and Craig Wright, who is the “self claimed Satoshi.”

In a Medium blogpost, Zebpay said, “As Zebpay supports Bitcoin Cash hard fork, we had paused BCH sends and receives on 14th November 2018 until completion of upgrade process and stability of blockchain. We have closely monitored BCH network, it is now stable and safe to resume BCH wallet transactions. You can perform Bitcoin Cash sends and receives from your Zebpay wallet.”

It further added, “We are providing support for the Bitcoin Cash ABC network which is identified on the Zebpay platform as Bitcoin Cash with ticker BCH. ABC chain is leading in blocks, hash rate, total chain difficulty. In your Zebpay wallet, BCH ABC will be called BCH, balances will be credited in 1:1 from fork time.”

While this is great news for all BCH supporters, we recently reported on Zebpay shutting down in India and setting up base in crypto-friendly countries such as Malta and Singapore as well as Europe.

So to get clarity, we reached out to Ajeet Khurana the Chief Executive Officer (CEO) of Zebpay. He said, “The one you are talking about is for Indian wallet holders. We remain non operational as an exchange in India.”

If readers may recollect, in September, Zebpay had announced that it was shutting shop due to regulatory uncertainty in India. It had stated, “At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business. As a result, we are stopping our exchange activities. At 4 p.m. today (28 September 2018), we will cancel all unexecuted crypto-to-crypto orders and credit your coins / tokens back to your Zebpay wallet. No new orders will be accepted until further notice.”

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