Hall & Wilcox advises Zebpay on establishment of its cryptocurrency exchange in Australia

Leading Australian law firm Hall & Wilcox has advised Zebpay, one of the world’s largest crypto exchange operators, on its Australian cryptocurrency exchange operations, which launched on 8 May 2019.

Founded in 2014 and headquartered in Singapore, Zebpay operates in 132 countries. To date, Zebpay has more than 3 million users and $2 billion in fiat to crypto transactions. The Australian launch follows its launch into Europe in October last year.

Special Counsel John Bassilios led the team that advised Zebpay on the entire process of setting up its Australian operations, including regulatory advice on the types of cryptocurrencies that can be listed on the exchange without an AFSL or an Australian markets licence, privacy, tax, AML/CTF Program, registration as a digital currency exchange with AUSTRAC and drafting terms and conditions for the Australian exchange. The team also comprised Anthony Bradica, Adam Dimac and James Deady.

John said the firm was delighted to partner with Zebpay on this significant milestone, which represents the company’s first foray into the Australian market.

‘Hall & Wilcox’s multidisciplinary teams were able to seamlessly advise on all aspects of Zebpay’s business requirements from start to finish. Australia is fortunate to have one of the world’s largest crypto exchange operators establish itself here,’ John said.

Hall & Wilcox is leading the way in providing specialised legal advice in all areas of blockchain and cryptocurrencies, including regulatory, tax, IP and privacy. Recently, the firm was involved in making submissions to Treasury on its ICO consultation paper and assisted Blockchain Australia, the Australian Digital Commerce Association and Fintech Australia with their submissions.