The Singapore-based cryptocurrency exchange Zebpay that had put up the shutters back in India citing uncertain regulatory conditions last year has made its way back to the second-most populous country after RBI offered clarification on crypto laws. The year 2019 in India dampened the spirits of several cryptocurrency followers and entrepreneurs as the country’s central bank, the Reserve Bank of India (RBI), took an unclear yet purportedly harsh stance on the legality of cryptocurrency. Many crypto-related businesses called it quits, one of which included the app-based cryptocurrency exchange and wallet service provider, Zebpay. Like Zebpay, India’s regulatory crackdown on cryptocurrency
