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.