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Ariana Grande Spending Time in The Bronx With Mother After Split With Pete Davidson

October 20, 2018 |

Ariana Grande is turning to her family and friends for support after calling it quits with Pete Davidson … and she’s doing so in an unlikely place.  Ariana was in the Bronx on Saturday spending time with her mother and a male…

TMZ.com

Bruce Dern returns home after hospital scare, ‘in good spirits’

October 20, 2018 |

Actor Bruce Dern has been released from the hospital on Friday evening and is “in good spirits” after a fall during his daily jog in Los Angeles earlier in the day, according to his representative.
FOX News

Teen Mom Star Hospitalized After 911 Call

October 20, 2018 |

A star from the Teen Mom franchise was hospitalized over the weekend, and TMZ says it now has the 911 call she made from her North Carolina home. In the call, a sobbing woman said to be 26-year-old Jenelle Evans tells the dispatcher that her husband, David Eason, attacked her…
Newser

After a Bumpy Week, It’s a Mixed Finish for Stocks

October 20, 2018 |

US stocks gave up an early rally and struggled to another mixed finish as investors continued to sell former favorites like retailers, the AP reports. Homebuilders also fell sharply Friday after a realtors’ group reported that home sales fell for the sixth straight month in September. Beazer Homes gave up…
Newser

Kleenex to Rebrand Tissue After Sexism Complaints

October 19, 2018 |

Kleenex will re-brand its “Mansize” tissues after consumers complained the name was sexist, touching off a social media conversation about what’s in a name, the AP reports. The company behind Kleenex, Kimberly-Clark, said Thursday that the product, which is sold only in the UK, will now be called “Kleenex Extra…
Newser

TMZ

Manny Machado Hits L.A. Hotspot After Dodgers’ Huge Win

October 18, 2018 |

How does the Dodgers’ best hitter celebrate a massive playoff win??? Hit up one of the most expensive restaurants in town, baby!!! TMZ Sports got Manny Machado leaving a fancy steak dinner at Mastro’s in Bev Hills … just hours after he helped…

TMZ.com

After Damning Grand Jury Report, Priest Pleads Guilty

October 18, 2018 |

One of two Roman Catholic priests charged as a result of the damning Pennsylvania grand jury investigation admitted he sexually abused children, pleading guilty Wednesday to corruption of minors and child endangerment, the AP reports. The Rev. David Lee Poulson, 65, of Oil City, was arrested earlier this year during…
Newser

Orange Is the New Black is Fading to Black After Season 7

October 18, 2018 |

Orange Is the New Black is fading to black after its upcoming seventh season, the AP reports. Cast members posted a video Wednesday announcing the series’ 2019 end, which was confirmed by a Netflix spokeswoman. In the video, the actresses thanked fans for their support and promised a fulfilling wrap-up…
Newser

Roseanne Barr Slams ABC After Debut Episode of The Conners

October 17, 2018 |

Spoiler alert, for those who have seen neither the debut episode of The Conners nor Roseanne Barr’s spoiler last month . As Barr revealed, her character from Roseanne is killed off in the spinoff, which begins two or three weeks after the death of the family matriarch, CNN reports. A grieving…
Newser

Zebpay Sets Up Operations Overseas After Suspending Exchange Activities In India

October 17, 2018 |

Zebpay Sets Up Operations Overseas After Suspending Exchange Activities in India

Zebpay is reportedly expanding its global presence after suspending cryptocurrency trading operations in India due to the banking ban imposed by the country’s central bank. According to information on its website, an entity has been set up to operate the Zebpay exchange in Malta to serve 20 countries.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Malta-registered Exchange Serving 20 Countries

Cryptocurrency service provider Zebpay has posted information on its website regarding its overseas operations but has yet to make any announcements about them.

Zebpay Sets Up Operations Overseas After Suspending Exchange Activities in IndiaIndiabits, a community of blockchain enthusiasts, tweeted on Friday about Zebpay’s two overseas entities: one in Singapore and one in Malta. “Zebpay is going global,” the group wrote, adding that “Zebpay will provide cryptocurrency exchange and OTC services to 20 countries in Europe.”

On its website, under Terms of Use, Zebpay described a Malta-registered entity called Awlencan Innovations Malta Ltd. This company was established on Sept. 17. Zebpay wrote:

Awlencan Innovations Malta Limited (C-88318), a Maltese registered company with office address situated at: 48, Triq Stella Maris, Sliema, SLM 1765, Malta, which owns and operates the ‘Zebpay’ VFA [virtual financial assets] exchange platform in Malta.

Zebpay Sets Up Operations Overseas After Suspending Exchange Activities in IndiaThe page also provides a list of 20 countries which Zebpay offers its services to. They are Malta, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Netherlands, Poland, Portugal, Slovenia, and Sweden.

For know-your-customer (KYC) purposes, Zebpay explained that each client can only have one account. “Multiple accounts with same KYC documentation is not eligible for registration of additional accounts,” the firm added, noting:

Zebpay provides the platform to match the orders, and prices are therefore set by the market-forces of supply and demand.

Zebpay was one of India’s largest cryptocurrency exchanges. However, its exchange activities in India were shut down at the end of September due to the cryptocurrency banking ban imposed by the Reserve Bank of India (RBI). The ban went into effect in July and a number of petitions have been filed against it. The country’s supreme court has been trying to hear them but the case keeps being postponed.

Growing Global Presence

Zebpay Sets Up Operations Overseas After Suspending Exchange Activities in IndiaOn its Global Legal page, under Terms of Use, Zebpay wrote, “Zebpay shall mean and include … Awlencan Innovations Pte. Ltd. incorporated in Singapore.”

Awlencan Innovations Pte. Ltd. is a Singapore-based blockchain technology company established in May, soon after the RBI issued its circular in April which banned financial institutions under its control from providing services to crypto businesses.

In addition, Awlencan Innovations India Ltd. was registered on Sept. 28, the day Zebpay suspended its exchange activities. According to reports, there are 3 directors listed for this company. One is Kailash Atmaram Singhal who is also listed as a director of Zeb It Service Ltd., which operated the Zebpay exchange in India.

What do you think of Zebpay setting up operations overseas after shutting down exchange activities in India? Let us know in the comments section below.


Images courtesy of Shutterstock and Zebpay.


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The post Zebpay Sets Up Operations Overseas After Suspending Exchange Activities In India appeared first on Bitcoin News.

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