Police have unfrozen a bank account of Indian Bitcoin exchange Zebpay as part of their ongoing fraud investigation. After criminals stole funds worth around $1 mln from the domestic bank- Bank of Maharashtra last week, it was found that some had made their way to Zebpay for trading into Bitcoin.“Users can only do transactions on Zebpay after submitting KYC documents. All purchase and sale happen (sic) strictly via bank accounts only and no cash,” a lawyer representing the exchange said quoted by Pune Mirror.“Hence, all transactions are recorded and easily identifiable. All these users were easily identified and we are helping the local agency to recover the funds.”https://cointelegraph.com/news/indian-bitcoin-exchange-bank-account-unblocked-kyc-now-obligatory