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Regulatory KO?

Of Zebpay, regulatory arbitrage and policy scapegoating

Zebpay’s sudden decision to shut down its exchange surprised all in the crypto industry. The exchange puts the entire blame on the RBI directive which came out in April. But can regulatory hurdles alone be the reason behind this drastic step?

12/10/18

Sumanth Raghavendra, Sidhartha Shukla

Zebpay’s decision to shut its exchange operations left many confused and shocked

The company blames the RBI for this move but it is far from the only reason

Despite regulatory hurdles, Zebpay was expected to stay afloat much longer due to its leadership position

Everyone feels that Zebpay threw in the towel too soon but no one is too sure why

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If one looks back at post-modern history, once every decade or so, there is a major disruption that upends the broad contours of our lives. At the turn of the millennium, the emergence of the internet as a mass medium led to the dotcom boom (and bust). In the last decade, applications built on the…

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