After shutting down its cryptocurrency trading operations in India due to the banking ban imposed by the country’s central bank, one of the popular crypto exchanges around the world, Zebpay starts its overseas operations.

 

Zebpay servicing in around 20 countries:

Indiabits, a community of blockchain enthusiasts, tweeted about Zebpay’s two overseas entities: one in Singapore and one in Malta:

Zebpay is going global,” adding that “Zebpay will provide cryptocurrency exchange and OTC services to 20 countries in Europe.”

After shutting down its operations in India, Zebpay migrated to set up shop in the more crypto friendly country of Malta. Zebpay has recently posted information on its website stating it has gone overseas.

Evidence of Zebpay registering and operating from Malta can be found on its website, under ‘Terms of Use’. Zebpay named a Malta-registered entity called Awlencan Innovations Malta Ltd. This company was established on September 17:

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”, which term shall refer to and include its owners, its subsidiaries and affiliated companies, directors, investors, employees, officers, representatives, affiliates, or other related parties.

-ZebPay wrote

List of countries:

The company’s page also provides a list of 20 countries in which ZebPay offers its services.

  1. Malta
  2. Belgium
  3. Bulgaria
  4. Croatia
  5. Cyprus
  6. Czech Republic
  7. Denmark
  8. Finland
  9. France
  10. Germany
  11. Greece
  12. Hungary
  13. Ireland
  14. Italy
  15. Latvia
  16. Netherlands
  17. Poland
  18. Portugal
  19. Slovenia
  20. Sweden

 

Details from Zebpay’s website:

Zebpay starts its overseas operations. To provide clarity about know-your-customer (KYC) policies, Zebpay explained that each client can only have one account. “Multiple accounts with same KYC documentation is not eligible for registration of additional accounts,”

“Zebpay provides the platform to match the orders, and prices are therefore set by the market forces of supply and demand”

-ZebPay

On its ‘Global Legal’ page, under ‘Terms of Use’, Zebpay gave further details of its Singapore based company, Awlencan, by writing: “Zebpay shall mean and include … Awlencan Innovations Pte. Ltd. incorporated in Singapore. Awlencan Innovations Pte. Ltd. is a Singapore-based blockchain technology company established in May, soon after the RBI issued its circular in April which banned financial institutions under its control from providing services to crypto businesses.”

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