In the wake of Binance announcement on ceasing off-chain fund transfer channel with WazirX, the Indian exchange issued a statement. Last week, founders of both the companies have publicly spoken about not...
The world's largest crypto exchange Binance on Monday said it will cease the off-chain fund transfer channel between WazirX and Binance. The move comes after some users claim that funds...
The Directorate of Enforcement (ED) announced in January that it was looking into allegedly suspicious money laundering transactions involving some private companies through WazirX Following the unexpected public altercation between WazirX CEO Nischal Shetty and Binance CEO Changpeng Zhao (CZ) on Saturday regarding WazirX's ownership, the majority of Indian business news sites prominently covered the […] The post...
Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance mentioned that customers who have crypto on WazirX should transfer it to Binance's platform. He stated in a Tweet that, If you have funds on WazirX, you should transfer it to Binance. Simple as that. We could disable WazirX wallets on a tech level, but we can't/won't do that. And as much debates as we...
The war of words between Changpeng Zhao, Binance CEO and Nischal Shetty, WazirX CEO reached new heights on Saturday. Both crypto exchanges’ chiefs are going back and forth by blaming each other for having outright control....
Binance founder Changpeng Zhao has denied that the exchange owns any equity in Zanmai Labs, the company behind the Indian crypto exchange WazirX. Quick thread on Binance and WazirX, and some incorrect reporting. Binance does not own any equity in Zanmai Labs, the entity operating WazirX and...
Just as Binance and WazirX founders continue to openly debate about the Indian exchange's control, CZ just made a big move. A blockchain investor by name Akuma shared this...
Changpeng Zhao (CZ), Binance Chief is actively trying to clear the air over doubts that emerged after Enforcement Directorate (ED) alleged WazirX, an Indian crypto exchange of money laundering and other illicit...
Changpeng Zhao, CEO of Binance came out to clear the company’s stand after Enforcement Directorate raided and froze some assets of WazirX. However, he stressed that they could shut down the troubled crypto exchange. WazirX...
Hours after the scrutiny of India's Enforcement Directorate (ED) on WazirX, Binance CEO CZ responded on its relation with WazirX. After raiding the premises of WazirX, the authorities froze the exchange's bank assets over allegations of money laundering. The ED officials accused WazirX of assisting instant loan app companies in fraudulent transactions through cryptocurrency purchases. The post Breaking: CZ Clarifies On Binance Acquisition...
India's Enforcement Directorate (ED) has ordered the freeze of a WazirX bank account with Rs 64.67 crore (roughly $8.1 million) in connection with a money laundering investigation, IndiaToday reported Aug. 5. India is investigating money laundering The report revealed that several crypto...
The Indian Cryptocurrency Exchange, WazirX has landed under the radar of the Enforcement Directorate (ED). In the latest developments, the ED searched the premises of WazirX’s Director. ED Froze WazirX $8.13 million bank assets...
India's Directorate of Enforcement has sent notices to crypto exchanges to determine whether they violated the country's Foreign Exchange Management Act (FEMA), Economic Times India reported. According to the report, the regulator summoned several crypto executives from top exchanges like...
In the midst of a merciless bear market, it appears that the majority of Indian crypto traders have chosen to hibernate with two consecutive taxes poised to nibble away at their holdings. India is a case study for the effects that anti-crypto policies might have on a booming economy. A research from WazirX demonstrates a […] The post...
Crypto tax in India triggered massive downturns in trading volume on exchanges like CoinDCX, WazirX, and ZebPay.
When the algorithmic-stablecoin project failed, Terra investors worldwide lost billions of dollars. But a new token was distributed as compensation, "Luna 2.0". As a result, they could recoup a small portion of their losses. Unfortunately, India's investors aren't as fortunate due to new tax laws that came into force in April. People who received the new coin known as Luna 2.0 in an...
Authorities in India are looking to introduce an additional 28% Goods and Services Tax on cryptocurrencies, CNBC reported. India’s new 28% tax for crypto...
Local media reports that WazirX’s co-founders are moving to Dubai. Some team members continue to work remotely in Mumbai and Bengaluru. India’s heavy tax laws have been cited as the reason for the move. WazirX, India’s largest crypto exchange, will relocate to Dubai as a direct result of the heavy taxation on the crypto market. Sources with inside knowledge told media outlet Business...
Some of the biggest crypto exchanges operating in India have disabled the option to deposit fiat via the United Payments Interface (UPI) amid regulatory uncertainty after its operator denied knowledge of its use by crypto firms, Reuters...
According to reports, two large Indian cryptocurrency exchanges have stopped deposits via a popular payment method, causing worry in a country where regulatory certainty is still lacking despite Bitcoin's enormous popularity. News sources disclosed that Indian crypto exchanges WazirX and CoinSwitch Kuber have disabled rupee deposits using the United Payment Interface (UPI) for the purpose of purchasing cryptocurrencies. UPI is a widely used...
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