WazirX News

After India introduced a 30% tax on crypto profits and a 1% TDS on transactions, local crypto traders started shifting their funds to offshore exchanges.

India’s stringent crypto taxation and shadow banking ban have driven crypto exchanges into survival mode. Despite this challenge, the industry is adapting, with exchanges exploring innovative strategies to stay afloat. India‘s imposing a stringent 30% tax on crypto profits and…

The NFT marketplace was created in June 2021 by the Indian crypto exchange WazirX but has been discontinued.

India’s crypto sphere is evolving with the changing Onchain Economy as more Indian crypto exchanges adopt CeFi. Five leading CeFi-based projects in India As the financial world evolves, newer concepts like Centralized Finance (CeFi) are now being adopted by crypto…

Yellow Card recently announced the completion of a venture round that raised $40 million. The crypto market dived today with the anticipation of the Fed rate hike decision this week. Yellow Card Exchange Raises $40 Million in Funding Round Yellow…

India’s WazirX crypto exchange and metaverse gaming project, The Sandbox, has rolled out a new digital asset campaign aimed at educating users on the workings of The Sandbox Alpha and crypto in general, according to reports on September 19, 2022.…

Major Indian cryptocurrency exchange WazirX said it has resumed banking operations, stating that the Directorate of Enforcement (ED) unfroze the company’s bank accounts.  WazirX Resumes Operations  According to an update on Monday (September 12, 2022), WazirX said that the crypto…

Several projects have announced successful funding rounds today, including QUIVR and Distributed Finance. Bulls made a slight charge in the crypto market today, leading to a rise in market cap. QUIVR Closes $3.55 Million Funding Round QUIVR, a Decentralized social…

Binance has distanced itself from embattled Indian digital assets exchange WazirX.

India's ED is investigating WazirX Exchange while Robinhood has received a $30M fine. Also, Ethereum has been up by 1% in the past 24 hours.

A redditor has shed light on Do Kwon’s recent problems with UST, saying it could encourage regulators to harshly view the crypto space. The UST stablecoin, and Luna crypto crashed just a few weeks ago, causing massive losses to investors.…

Co-founders of Indian cryptocurrency exchange WazirX, Nischal Shetty and Siddharth Menon, have reportedly moved to Dubai, as regulatory uncertainties in India continue to stifle the country’s cryptocurrency industry. Nischal Shetty and Siddharth Menon Reportedly Move to Dubai According to a…

WazirX has successfully opened a bank account with Kotak Mahindra Bank of India. Lenders in the nation are still wary of crypto-linked businesses despite the fact that the Supreme Court has since lifted the RBI’s blanket ban on these platforms.…

Binance Indian exchange WazirX has partnered with blockchain intelligence firm TRM Labs. The collaboration is expected to increase the security capacity of India’s largest exchange and help detect crypto fraud transactions.  WazirX partners with TRM Labs Indian news outlet the…

Earlier this week in Singapore, Changpeng Zhao, or CZ, CEO of Binance, spoke about a massive onboarding of fiat currencies across the world. With the acquisition of WazirX, Binance will be able to take advantage of the robust P2P matching…

Recently, a committee studying the effects of cryptocurrency and distributed ledgers in India recommended an outright ban on all cryptocurrencies. The committee was headed by the Secretary of Economic Affairs, Subhash Chandra Garg. While a sensitive agenda for regulators on…