After its closure in the Indian market, the Singaporean crypto exchange firm Zebpay launches its services in Australia. Its new office is now open in Melbourne. It will allow the Australian traders to trade up to five fiat to crypto trading pairs. This includes major cryptocurrencies such as Bitcoin, Ether, Bitcoin cash, Ripple and Litecoin. The crypto exchange has already obtained its license from the Australian financial intelligence agency. As per the license, Zebpay will not include or support any kind of terrorism funding or money laundering.

According to Zebpay’s Australian director Sandeep Khurana, the country has a great scope for crypto. There is also legal support from the government for carrying out crypto tradings. With the license, now Zebpay is a member of the Australian Digital Commerce Association.

Back in 2018, the company had to bid goodbye to its Indian traders due to the government’s ban on cryptocurrencies. Even the Indian government is planning for a complete ban on cryptocurrencies. So, in this situation, it’s good for Zebpay as it will find its deserving user base with an interest in crypto. Also, there will be no hassle from the local government bodies.