Major [Shuttered] Indian Exchange Zebpay Moves to Malta after Central Bank Blockade

Zebpay, one of the biggest exchanges in India, has registered an office in Malta with a view of serving not just citizens and residents of the island nation but also other European countries.

The harsh cryptocurrency regulatory climate in India has turned out to be a gift for the self-styled blockchain island of Malta as one of the cryptocurrency exchanges that recently shut down in the world’s second-most populous country has decided to move operations there.

First reported by Quartz, Zebpay, one of the biggest exchanges in India, has registered an office in Malta with a view of serving not just citizens and residents of the island nation but also other European countries. In the Terms of Use page on its website Zebpay lists 20 countries whose residents and citizens are eligible to access its cryptocurrency exchange services. Besides Malta others include major European countries such as France, Germany, Italy, the Netherlands, Ireland, Sweden and Denmark.

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