The Indian crypto currency exchange, Zebpay announced the shutdown of its exchange in a blog note (link) Zebpay will cancel all un-executed crypto orders, and plans to credit coins/tokens back to customer’s Zebpay wallet.

In the announcement, the startup said

The Reserve Bank of India (RBI) had released a statement in April directing all regulated entities, including banks, e-wallets, and payment gateway providers, to stop dealing with individuals and businesses in the partially banned crypto-currencies. Following this,  Zebpay had asked its users to withdraw money before the deadline following RBI mandate.