Crypto Exchange Zebpay Announces the Relaunch in India After a Year

Zebpay, one of the biggest cryptocurrency exchanges in India, has announced that it shall be paving the way for a second innings in the country by re-starting its exchange operations after the year-long closure triggered by the banking ban imposed by the Reserve Bank of India.

In 2018, the central bank pulled the strands of several cryptocurrency institutions, citing the grounds of legality and security offered by them. This harsh attitude towards the crypto community led to the halting of operations by a majority of entities from the country. One of such entities was Zebpay, the app-based cryptocurrency exchange and wallet service providing platform. On January 30, 2020, through an official post, Zebpay affirmed the launch of its reboot version in India. Post the closure in India; the exchange limited its operations in European countries like Germany, France, and Denmark along with Malta and Australia.

According to the reports, one of the chief reasons for the return of Zebpay to…