Zebpay Crypto Exchange Extends Trading Services to Australia

Singapore-based cryptocurrency exchange Zebpay has launched trading services in Australia.

Singapore-based cryptocurrency exchange Zebpay has launched trading services in Australia, according to a press release shared with Cointelegraph on May 7.

Zebpay has expanded its trading services to Australia by opening a new office in the fintech hub of Melbourne. The exchange’s Australian customers are now able to trade across five fiat to crypto trading pairs including bitcoin (BTC), ether (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC) 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 anti-money laundering 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 regulation, openness to fintech innovation and thirst for crypto products.”

Last October, Zebpay had to close its doors to its Indian customers due to the country’s crypto banking ban. 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 froze Indian rupee deposits and withdrawals on July 4, 2018, a day before the bank ban on cryptocurrency 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 considering an outright ban on cryptocurrencies. Local reports from late April 2019 state that a draft bill that would ban cryptocurrency is circulating among various departments of the Indian government.

Original Article

COMMENTS

By Readers$type=blogging$cate=2$count=6

Name

Analysis,498,News,2975,Press Releases,338,Sponsored,137,
ltr
item
CryptoNomus: Zebpay Crypto Exchange Extends Trading Services to Australia
Zebpay Crypto Exchange Extends Trading Services to Australia
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9iODI3NDE1YzJlZmI2MDdhZmExY2NhZWE5NzZiZTQ3Yi5qcGc=.jpg
CryptoNomus
https://www.cryptonom.us/2019/05/zebpay-crypto-exchange-extends-trading.html
https://www.cryptonom.us/
https://www.cryptonom.us/
https://www.cryptonom.us/2019/05/zebpay-crypto-exchange-extends-trading.html
true
4884201149675661183
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy