Zebpay’s Comeback Journey

After a dramatic hiatus, Singapore-based Zebpay is dusting off its trading shoes and making a charming comeback to the Indian market. This is like that friend who ghosted you for a year suddenly sliding back into your DMs – a mix of excitement and apprehension. Although the Indian Reserve Bank (RBI) still has a contentious stance on crypto, Zebpay is ready to roll with the punches and set up shop once again.

Revisiting the Past: What Went Wrong?

To understand this monumental return, let’s rewind to 2018. Back then, Zebpay was twirling in the spotlight, until the RBI dropped a bombshell that forbade banks from facilitating services to crypto companies. In a swift exit, Zebpay pulled the plug on operations in India, effectively hitting the pause button on its crypto aspirations in the country. The decision might’ve felt like snatching away the last piece of pizza at a party, leaving everyone in a state of bewilderment.

New Leadership and Renewed Ambitions

With fresh talent on board, including a new CFO and CMO, Zebpay seems to be stepping up its game. CEO Rahul Pagidipati, a lawyer licensed in Florida, sees this as a chance to partner with the Government of India to improve regulations surrounding crypto. His statement reveals a strategic mindset: “We’re committed to working with the Government of India and regulators.” He promises to share his extensive knowledge on anti-money laundering, which sounds like a pretty fancy way of saying, “Trust us, we know what we’re doing.”

Revamped Features and Exciting New Offerings

So what’s cooking at Zebpay? The exchange has tweaked its offerings to attract Indian customers, which now include added features and a wider range of crypto-based trading pairs. Even more riveting, Zebpay is contemplating avenues for mutual funds, giving investors yet another chance to dive into the crypto pool – sans life jacket! Plus, Pagidipati is all-in, vowing that Zebpay will be his life’s work, which has to be more exhilarating than being an accountant during tax season.

A Leap into the Deep End

The RBI’s stance on crypto hasn’t shifted, yet Zebpay, equipped with a proverbial floatie, is eager to embrace the tide. The past few months have seen Zebpay batting its lashes at India’s Supreme Court seeking clarity on regulations – a critical step in safeguarding its operations. As the exchange prepares for its re-entry, it’s clear that Zebpay isn’t just wading in the shallow end; they’re diving into the deep end of the crypto market with verve.