The largest bitcoin exchange India, he moved to Malta


A leading Indian provider of crypto-currency wallet Zebpay, and until recently the largest in the country the platform to trade bitcoin and other digital assets, has registered a new office in Malta. This writes the Quartz.

The closure of the service exchange of digital assets caused by the restrictive policy of the Central Bank of India in respect of cryptocurrencies, Zebpay announced in late September. However, less than a month the company, which also has an office in Singapore, ready to open a new exchange with a residence permit in Malta.

As they say on the website Zebpay, a new exchange will offer its services to residents of 20 countries of the European Union. The people of India it is not available.

Official statements about the beginning of work on the Malta stock exchange has not yet been done, remained unanswered and a request for comment.

In a recent statement about the closure of Zebpay trading platform in India said that the company will continue to offer services to the bitcoin wallet.

At some moment the share of Zebpay accounted for about half of all users of bitcoin in India, the number of which is estimated at 5-6 million people. The total number of Zebpay app downloads for iOS and Android devices consisted of 3 million App allowed to work from 22 currency pairs on the basis of 20 cryptocurrencies.

In July, India’s Supreme court again upheld a ban by local financial companies in transactions with cryptocurrencies. Since then, local media circulating various often conflicting rumors regarding the future regulation of this industry.

In August, who asked not to disclose his name, the representative of the Ministry of Finance of India stated that cryptocurrencies can be recognized in this country commodity.

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