Zebpay, one of the largest crypto exchanges in India, has registered its main office in Malta due to pressure from the Reserve Bank of India. Now Zebpay plans to concentrate on servicing traders from EU countries.
In Malta, Zebpay registered under the name Awlencan:
“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 stop operations in India was announced last month. The reason was the financial regulator Reserve Bank of India, which began to apply restrictive measures to the crypto exchange. As a result, Zebpay users couldn’t deposit and withdraw funds to the platform in the Indian national currency.
Zebpay has listed 20 countries on its website, whose citizens have the right to use the services of the crypto exchange. In addition to Malta, major European countries are available, such as France, Germany, Italy, Sweden, the Netherlands, Ireland, and Denmark.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.