WazirX Ditches India for Panama, Emerges as Zensui in Bold Crypto Pivot

Another day, another crypto exchange playing jurisdictional hopscotch—this time it's WazirX cutting ties with India's regulatory maze and rebranding as Zensui under Panama's famously lax oversight.

The move screams 'regulatory arbitrage,' but hey—when the taxman cometh, crypto firms either adapt or perish. Zensui's new tropical HQ might just be the perfect place to sip mojitos while watching the compliance fireworks from afar.

Indian crypto exchange WazirX has moved its parent company from Singapore to Panama and rebranded as. This decision comes as a response to Singapore’s increasing regulatory pressure on crypto firms. By relocating to Panama, Zensui aims to operate under more relaxed rules and maintain business continuity. While the core platform remains the same, the new structure gives the company more flexibility. This shift reflects how crypto businesses are adjusting to evolving global regulatory environments.