India-focused crypto exchange WazirX is relocating operations to Panama and rebranding its parent company as Zensui.
India-serving but Singapore-based crypto exchange WazirX is moving its operations to Panama after local courts declined to approve the firm’s restructuring plan.
In an email sent to its users, WazirX shared recent redacted legal documents outlining the move. One of the documents revealed that WazirX’s parent company, Zettai, will move to Panama and rebrand.
“Zettai has taken steps to incorporate a subsidiary, Zensui Corporation […] in the Republic of Panama, and has been preparing for the transfer of the operations of the Platform’s cryptocurrency-related services to Zensui,“ the document said.
