Indian crypto exchange ZebPay seeks Singapore permit, assesses UAE

India-based cryptocurrency exchange platform ZebPay has applied for a licence in Singapore and is assessing the potential of a similar step in the UAE, outgoing CEO Avinash Shekhar told Bloomberg. "The 1% transaction tax the nation imposed on crypto this year is hurting trading volumes," he said. Shekhar added that ZebPay implemented salary cuts, including 6% drop for non-management staff.