WazirX Rebrands as Zensui and Moves Operations from Singapore to Panama

WazirX has rebranded to Zensui and moved its main base of operations to Panama. The company’s shift follows ongoing recovery efforts after a $230 million platform hack. Zensui’s transition aims to support uninterrupted service and future business growth. WazirX, a major Indian cryptocurrency exchange, has rebranded as Zensui and shifted its parent company from Singapore to Panama. The decision comes as Singapore tightens regulations on digital asset firms. This transition underscores how rapidly evolving compliance requirements are prompting global crypto exchanges to reassess their operational strategies. This shift and rebranding are happening at a time when the platform is still facing user protection concerns and legal challenges. Industry experts commonly observe that many companies are responding to stricter regulations in Asia and elsewhere by shifting their focus. WazirX Responds to Singapore’s Stricter Crypto Regulations Singapore’s recent crackdown on crypto exchanges has made it harder for companies to operate locally. Regulatory authorities have intensified enforcement efforts, emphasizing the importance of licensing and compliance r… The post WazirX Rebrands as Zensui and Moves Operations from Singapore to Panama appeared first on Coin Edition .

Source: Coin Edition