Tag: wazirx

Aug 09 2022

WazirX Says Not Responsible For Discrepancy, Amid Binance Spat

Aug 09 2022 Published at Coingape under tags  crypto exchange binance news wazirx

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...

Aug 08 2022

Breaking: Binance Terminates Fund Transfers Between WazirX

Aug 08 2022 Published at Coingape under tags  crypto exchange binance news wazirx

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...

Binance and WazirX promise to work with the ED on shady deals

Aug 08 2022 Published at Coinscreed under tags  binance news wazirx

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...

Why Does Binance Recommend Shifting Your Crypto From WazirX To Binance

Aug 08 2022 Published at Bitcoinist.com under tags  binance btcusd btcusdt crypto news wazirx

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...

Aug 06 2022

Breaking: WazirX CEO Asks CZ To Reveal Binance Parent Entity

Aug 06 2022 Published at Coingape under tags  cz binance news wazirx

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 moves to dissociate self from WazirX over recent allegations

Aug 06 2022 Published at CryptoSlate under tags  binance cz exchanges nischal shetty wazirx

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...

Breaking: Binance To WazirX Transfers Disabled

Aug 06 2022 Published at Coingape under tags  crypto exchange binance news wazirx

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...

Just-In: CZ Accuses WazirX CEO of Playing “Deception Wording Games”

Aug 06 2022 Published at Coingape under tags  cz binance news wazirx

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...

Will Binance CEO Shut Down WazirX? Should Users Panic

Aug 06 2022 Published at Coingape under tags  cz binance news wazirx

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...

Aug 05 2022

Breaking: CZ Clarifies On Binance Acquisition Of WazirX After ED Search

Aug 05 2022 Published at Coingape under tags  crypto exchange binance news 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 freezes 64.67 crore ($8.1M) of WazirX’s funds for money laundering probe

Aug 05 2022 Published at CryptoSlate under tags  exchanges wazirx

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...

Breaking: Crypto Exchange WazirX Bank Assets Frozen Over Money laundering Charges

Aug 05 2022 Published at Coingape under tags  crypto money laundering news wazirx

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...

Jul 06 2022

India is investigating crypto exchanges compliance to foreign exchange laws

Jul 06 2022 Published at CryptoSlate under tags  india regulation wazirx

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...

WazirX report: crypto tax discourages 83% of Indian crypto traders

Jul 06 2022 Published at Coinscreed under tags  crypto tax news wazirx

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...

Jul 05 2022

1% Crypto Tax Sucks Out Trading Volume On Major Indian Exchanges

Crypto tax in India triggered massive downturns in trading volume on exchanges like CoinDCX, WazirX, and ZebPay.

Jun 06 2022

Indian investors To Pay 30% Tax On LUNA 2.0 Airdrop

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...

May 10 2022

Indians to face additional 28% tax on crypto

May 10 2022 Published at CryptoSlate under tags  crypto tax india tax taxes wazirx

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...

Apr 19 2022

WazirX, India’s Largest Crypto Exchange to Relocate to Dubai Due to India’s Restrictive Crypto Tax Laws

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...

Apr 14 2022

Major crypto exchanges in India disable fiat deposits amid regulatory uncertainty

Apr 14 2022 Published at CryptoSlate under tags  coinbase india regulation wazirx

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...

Indian crypto investors in panic mode as bitcoin exchanges deactivate transfer network

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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