Zebpay Chooses Malta as Springboard for Its European Expansion

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    Crypto exchange Zebpay is quitting business due to the ongoing clampdown on crypto. The company is now focusing its crypto wallet service by tapping global customers

Cover image via U.Today

On. Sept. 28, U.Today reported that a major cryptocurrency exchange Zebpay is quitting business due to the ongoing clampdown on crypto. As of now, the company is now focusing its crypto wallet service by tapping global customers.

While it hasn’t been officially confirmed, the website now contains information about the new Zebpay VFA Exchange that is owned and operated by the company’s Malta-based offshoot. Malta is more than an obvious choice since this minuscule nation (also dubbed “Blockchain Island”) is attracting a myriad of businesses with its crypto-friendly regulations.

Meanwhile, a lot of restricted jurisdictions (including the US and Japan) won’t be able to use the wallet.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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