ZebPay Commissions Chainalysis for Crypto Compliance in India

Major Indian cryptocurrency exchange and wallet provider Zebpay has commissioned blockchain forensics firm Chainalysis to monitor transactions executed across its platforms in India.

The move comprises an expansion in the partnership between Chainalysis and ZebPay, with Chainalysis already providing its Know Your Transaction (KYT) services for ZebPay’s operations in Singapore. “We wanted to build a best-in-class compliance program in India from the start,” stated ZebPay’s president, Avinash Shekhar.

Chainalysis will provide real-time alerts notifying ZebPay of suspicious or high-risk transactions across its platforms.

ZebPay strengthens compliance in India

ZebPay’s expansion of its compliance framework for Indian operations comes roughly three months after the country’s supreme court lifted the Reserve Bank of India’s long-standing ban on financial institutions providing banking services to crypto firms.

Jason Bonds, Chainalysis’ chief revenue officer, praised ZebPay for…