WazirX Rebrands as Zensui After Relocating from Singapore to Panama
WazirX, once India's leading cryptocurrency exchange, has rebranded as Zensui and shifted its operational base from Singapore to Panama. The move follows Singapore's imposition of stringent regulatory measures on crypto firms, prompting the exchange to seek a more accommodating jurisdiction.
Panama's crypto-friendly policies offer Zensui greater operational flexibility, a stark contrast to Singapore's tightening oversight. The rebranding coincides with the exchange's ongoing efforts to recover from a $230 million hack, underscoring the challenges facing the platform amid its strategic pivot.