-based exchange has launched services in , according to a press release shared with Cointelegraph on May 7.
Zebpay has expanded its services to Australia by opening a new office in the hub of Melbourne. The exchange’s Australian are now able to trade across five fiat to crypto pairs including (), ether (), (), cash () and () both on desktop and Android and iOS apps.
To conduct operations in Australia, Zebpay has acquired a license with the Australian Transaction Reports and Analysis Centre — Australia’s financial intelligence agency with regulatory responsibility for and counter-terrorism financing — and became a member of the Australian Digital Commerce Association.
Sandeep Khurana, Zebpay’s Australia Director, said that “Australia is an ideal market for Zebpay’s services with its clear stance on , openness to innovation and thirst for crypto products.”
Last October, Zebpay its doors to its due to the country’s crypto . Citing “extremely difficult” conditions it encountered attempting to process customer orders in the current environment, the exchange gave just several hours’ notice of the decision before closing.
Prior to that, Zebpay Indian rupee deposits and withdrawals on July 4, 2018, a day before the bank ban on businesses came into effect. In a warning statement, Zebpay said that events at the time were “beyond its control,” having previously warned users that rupee deposits and withdrawals could stop if the ruling from the Reserve Bank of India (RBOI) went ahead.
A year after an RBOI circular banned the country’s financial institutions from dealing with crypto-related business, the country’s officials are reportedly an outright ban on . Local reports from late April 2019 state that a draft bill that would ban is circulating among various departments of the Indian government.
Published at Wed, 08 May 2019 07:13:48 +0000
