ZebPay Expands Chainalysis Relationship in India

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Blockchain analysis firm, Chainalysis expanding its partnership with popular Indian based cryptocurrency exchange and wallet provider, ZebPay.

This expansion will mean ZebPay will expand its usage of Chainalysis KYT (Know Your Transaction), which allows ZePay to monitor transactions and compliance processes. This also means usage of chainalysis Reactor for enhanced due diligence and investigations.

The relationship follows recent cryptocurrency regulatory developments India. ZebPay was previously used a Chainalysis software from Singapore.

“While there are still steps that need to be taken to strengthen cryptocurrency regulation in India, exchanges like ZebPay that implement robust compliance and investigative software will be well-equipped for future developments,”

“We believe India is poised to make advancements for the cryptocurrency industry, and look forward to growing our business there. We are excited to partner with ZebPay during such a historic time.”

said Jason Bonds, Chief Revenue Officer, Chainalysis.

Chainalysis KYT allows cryptocurrency businesses like ZebPay to monitor large volumes of cryptocurrency activity and identify high-risk transactions on a continuous basis. 

The product, Chainalysis KYT even has Real-time alerts on the highest-risk activity which will allow compliance teams to focus on the most urgent activity and fulfill their regulatory obligations to report suspicious activity.

Chainalysis Reactor assists cryptocurrency businesses to further investigate suspicious transactions and provide more detailed reporting on criminal activity such as fraud, extortion, and money laundering on the blockchain.

“We wanted to build a best-in-class compliance program in India from the start,”

“We already knew the power of Chainalysis KYT’s automated compliance features and Chainalysis Reactor’s advanced investigative capabilities from our work with them in other markets, and we know Chainalysis will set us up for successful expansion in India.”

said Avinash Shekhar, President, ZebPay.

Chainalysis is a blockchain analysis company which provides government agencies, exchanges, and financial institutions across 40 countries the data and analysis tools. Both the company’s investigatory and Compliance tools, education and support have helped to create transparency across blockchains, allowing more confident engagements with cryptocurrency. The firm is backed by leading venture capital firms such as Accel and Benchmark.

Headquartered in Singapore and Founded in 2014, ZebPay is India’s leading cryptocurrency exchange with the largest BTC-INR and BAT-INR markets in the world. The platforms offers its cryptocurrency trading facilities to the markets of India, Singapore, and Australia.

Press Release

NEW YORK, May 29, 2020 /PRNewswire/ — Chainalysis, the blockchain analysis company, today announced the expansion of its partnership with ZebPay, the leading cryptocurrency exchange and wallet provider in India. Under the terms of the agreement, ZebPay will expand its use of Chainalysis KYT (Know Your Transaction) for transaction monitoring and compliance processes and Chainalysis Reactor for enhanced due diligence and investigations in India.

The expanded relationship follows the recent regulatory developments regarding cryptocurrency in the country. ZebPay already uses Chainalysis software in Singapore.

“While there are still steps that need to be taken to strengthen cryptocurrency regulation in India, exchanges like ZebPay that implement robust compliance and investigative software will be well-equipped for future developments,” said Jason Bonds, Chief Revenue Officer, Chainalysis. “We believe India is poised to make advancements for the cryptocurrency industry, and look forward to growing our business there. We are excited to partner with ZebPay during such a historic time.”

“We wanted to build a best-in-class compliance program in India from the start,” said Avinash Shekhar, President, ZebPay. “We already knew the power of Chainalysis KYT’s automated compliance features and Chainalysis Reactor’s advanced investigative capabilities from our work with them in other markets, and we know Chainalysis will set us up for successful expansion in India.”

By leveraging Chainalysis KYT, cryptocurrency businesses like ZebPay can monitor large volumes of cryptocurrency activity and identify high-risk transactions on a continuous basis. Real-time alerts on the highest-risk activity allow compliance teams to focus on the most urgent activity and fulfill their regulatory obligations to report suspicious activity. Chainalysis Reactor assists cryptocurrency businesses to further investigate suspicious transactions and provide more detailed reporting on criminal activity such as fraud, extortion, and money laundering on the blockchain.

About Chainalysis
Chainalysis is the blockchain analysis company providing data and analysis to government agencies, exchanges, and financial institutions across 40 countries. Our investigation and compliance tools, education, and support create transparency across blockchains so our customers can engage confidently with cryptocurrency. Backed by Accel, Benchmark, and other leading names in venture capital, Chainalysis builds trust in blockchains. For more information, visit www.chainalysis.com.

About ZebPay
ZebPay is India’s leading cryptocurrency exchange since 2014, offering the largest BTC-INR and BAT-INR markets in the world. ZebPay is headquartered in Singapore, with exchanges in India, Singapore, and Australia offering cryptocurrency trading facilities.

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SOURCE Chainalysis, Inc.

Copyright 2020 PR Newswire