#Major [Shuttered] Indian
#Exchange Zebpay Moves to Malta after
#CentralBank Blockade The harsh
#cryptocurrency regulatory climate in India has turned out to be a gift for the self-styled blockchain island of Malta as one of the cryptocurrency exchanges that recently shut down in the world’s second-most populous country has decided to move operations there. First reported by Quartz, Zebpay, one of the biggest exchanges in India, has registered an office in
#Malta with a view of serving not just citizens and residents of the island nation but also other
#European countries. In the Terms of Use page on its website Zebpay lists 20 countries whose residents and citizens are eligible to access its cryptocurrency exchange services. Besides Malta others include major European countries such as France, Germany, Italy, the Netherlands, Ireland, Sweden and Denmark. New Home In Malta, Zebpay has been incorporated under the name Awlencan, according to its website: “For all intents and purposes, Zebpay shall mean and include below – Awlencan Innovations Malta Limited [C-88318], a Maltese Registered Company with Office Address situated at: 48, Triq Stella Maris, Sliema, SLM 1765, Malta, which owns and operates the ‘Zebpay’ VFA Exchange Platform in Malta, hereinafter referred to as “Awlencan” or “Zebpay” or “company”…” Zebpay’s decision to shut down its Indian operations was announced last month and this was blamed on a move by the Reserve Bank of India to ban the financial institutions that it regulates from offering banking services to crypto businesses.
#bitcoinnews #cryptonews #cryptoupdate #bitcoinupdate #bitcoinmining #cryptotality #cryptotality_ #btc #hodl #cryptotrading #bitcointrading #cryptocurrency #blockchain #blockchaintechnology .
