Here are the options for cryptocurrency users after exchange shuts down

Those with funds in the wallet need to wait indefinitely. Cryptocurrencies, however, can still be traded on exchanges

Zebpay, one of India’s biggest cryptocurrency exchanges, shut down last week. And if you didn’t withdraw the money from the Zebpay wallet or didn’t convert it into a virtual currency, you will need to wait indefinitely for the funds. However, those who have purchased any form of cryptocurrency with the money have some respite.

Even after the Reserve Bank of India (RBI) debarred banks from dealing in virtual currencies, many individuals continue holding money in their wallets. The banking regulator’s directive only bans the movement of money from wallets. But if a person had funds in the wallet, he could still