• November 25, 2020

Indian Crypto Exchange Moves Towards Australia

Indian Crypto Exchange Moves Towards Australia

One of the largest crypto exchanges in India, Zebpay a Singapore-based company is expanding its services towards Australia.

The exchange announced on Twitter, Australian users will be able to buy Bitcoin, Ripple, Bitcoin Cash, Ethereum and Litecoin using Australian fiat currency using Zebpay.

But Zebpay had to shut down its operations in India due to the ban on cryptocurrency by Reserve Bank of India. Still, the firm is expanding towards other counties which accepts cryptocurrency products.

Australia seems to be a crypto-friendly country because last time we saw Australians Can Now Pay their Bills with Bitcoin. This shows that in Australia there are no such restrictions on cryptocurrency trading. Thus Zebpay is expanding its services towards Australia.

To operate crypto trading in Australia, Zebpay has obtained a license from the Australian Transaction Reports and Analysis Centre (AUSTRAC).

Ajeet Kurana, CEO of Zebpay said, At the start of 2019 the crypto exchange was available to over 20 international markets.

Kurana also said,

“Today, we add Australia to our crypto-family and can gratefully say we have a presence in over 132 international crypto-economies, which speaks volumes to our community’s ambition.”

Australia is the best market for Zebpay’s services and also has clear regulations and is open for finch innovations said Kurana.

Also, Australia Tax Agencies are targeting Crypto Traders. Australian Tax Office(ATO) has a new program to assist them to catch crypto investors who have failed to pay taxes.

Are you Australian Crypto Trader? would you like to use Zebpay services ? Share your thoughts in the comment below.

Finance

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