The implications of what anti-crypto regulations can do to a thriving economy can be seen first-hand unfolding in India. Supporting the massive decline in trading volumes across all Indian crypto exchanges, a report from WazirX reveals a change in investor sentiment as the Indian government imposed its second crypto law — a 1% tax deduction at source (TDS) on every crypto transaction. Trading volumes on Indian crypto exchanges saw an eventual reduction of 90-95% ever since the country introduced a law that would tax investors 30% on unrealized gains. With two consecutive taxes ready to eat away at their holdings, …

Cryptocurrency exchange Zebpay and others doing business in India will reportedly be joining IndiaTech, an association aimed at providing regulatory clarity for crypto in the country. According to a Monday report from The Economic Times, executives from some of India’s crypto exchanges said their businesses are considering joining IndiaTech in an effort to pressure the government to regulate crypto, with Zebpay confirming it would be doing so. The report comes one month after the organization published a white paper which included policy recommendations for a regulatory framework for crypto assets and exchanges in India. “The exchanges liked the approach we …

Cryptocurrency exchange Zebpay, which has claimed to have a user base of over 3 million in India, is now exploring broader crypto market opportunities, such as digital collectibles. With its launch of a new marketplace called Dazzle, Zebpay has chosen to expand into the nonfungible token space. NFTs are unique but tradeable blockchain assets, which can be used to represent all manner of virtual and real-world goods. NFTs are unlike cryptocurrencies in that they can carry unique metadata and vary in their degree of rarity. They are increasingly becoming popular for tokenizing markets as diverse as video game items, digital …

Crypto exchange Zebpay has launched a campaign with ads featuring Bitcoin during the Indian Premier League cricket games. As reported by Twitter user Mohit Rai Sharma, ads for Zebpay appeared on Indian streaming platform Disney+ Hotstar during a series of cricket matches starting Sept. 19. “Learn about simple, secure Bitcoin,” the ads stated, directing viewers to pay just over $1 to start using the exchange. Sharma stated that the ads represented a “historic moment for crypto in India.” More than 462 million people watched the Indian Premier League games in 2019, with roughly 300 million tuning in using the Hotstar …

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 …

Singapore-based crypto exchange Zebpay reportedly returns to the Indian market more than a year after an Indian Reserve Bank crackdown led to the exchange’s closure in the country. “We're committed to working with the Government of India and regulators to operate within the law and also improve the laws regarding crypto,” Zebpay CEO Rahul Pagidipati said in an email to Cointelegraph, adding: “ZebPay was the pioneer in anti-money laundering and security so we have a lot of data and experience to share. I'm a lawyer, licensed in the Florida (USA) bar, so obviously I'm committed to helping create long-term policy …

A crypto exchange says it has reached “dizzying heights” in the five years it has been in operation — attracting more than 3 million users and processing 2.9 billion Australian dollars ($2 billion) in fiat transactions. Zebpay, an Australia-based crypto exchange, is offering a stress-free experience and a clutter-free interface. On top of this, the business claims it has been incident-free since 2014 — an antidote to countless platforms that have fallen victim to devastating hacks, which have been shaking consumer confidence and putting funds at risk. The company offers support for six coins at present: Bitcoin (BTC), Ether (ETH), …

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 …

A crypto exchange has announced it is launching “zero-fee trading” across the 131 countries where it currently operates. Zebpay says it wants to “liberate crypto from the shackles of trading fees, and to reduce the friction for all those who are new to crypto.” Many exchanges charge a small commission whenever their users make a trade. While the company says fees of 0.25 percent may seem insubstantial, it warned they “certainly add up and can eat into trading profits,” and even deter infrequent traders from participating more. In a blog post announcing the changes, Zebpay said: “The ethos of the …

The Internet and Mobile Association of India (IAMAI) is forming a dedicated focus group for blockchain exploration made up of both big business and cryptocurrency players, Indian daily newspaper Economic Times reported Monday, Oct. 15. Confirmed in a tweet Tuesday, the IAMAI, whose remit is to “expand and enhance” the online and mobile sector, will use its “Blockchain Committee” to “identify opportunities and challenges and work with government, industry and startups” to develop a blockchain “ecosystem.” The move comes amid testing times for cryptocurrency in India, with the country’s supreme court still deliberating on the legality of the Reserve Bank …

Major Indian cryptocurrency exchange Zebpay announced it had stopped all trading due to the country’s banking ban. The official announcement was published Thursday, September 27. 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, which as of press time is already in effect. The move caught many by surprise, coming almost three months after the July 6 deadline for banks to comply with the Reserve Bank of India’s (RBI) ban on offering services to cryptocurrency businesses. “...We continued to look for solutions as we …

One of India’s largest exchanges Zebpay announced it was freezing Indian rupee deposits and withdrawals July 4, a day before a controversial bank ban on cryptocurrency businesses comes into effect. In a warning statement, Zebpay said current events were “beyond its control,” having previously warned users that rupee deposits and withdrawals “could” stop if the ruling from the Reserve Bank of India (RBI) went ahead. “INR deposits and withdrawals have been paused in the Zebpay app until banks allow us again,” an update to the original warning reads. On Tuesday, India’s Supreme Court upheld the ban deadline, declining to grant …