WazirX is accused of assisting 16 fintech companies in money laundering. ED initiated the search operation on WazirX on August 3. India’s Directorate of Enforcement (ED) has taken a strong stance in ...
Tag: WazirX
Enforcement Directorate raids WazirX and seizes Rs 64.67 crores in bank assets
On Friday, the Enforcement Directorate (ED) announced that it had frozen bank transfers worth Rs 64.67 crore as part of a money laundering investigation against cryptocurrency exchange WazirX. For a w...
Indian Watchdog Investigates WazirX, Robinhood Fined $30 Million, ETH Up By 1% – crypto.news
India’s Enforcement Directorate is investigating the crypto exchange firm, WazirX for breaking regulations. Meanwhile, the Robinhood exchange has received a fine of $30 million from New York’s financi...
Binance-owned WazirX under investigation in India over alleged money laundering
The Indian Directorate of Enforcement is investigating WazirX to determine whether it facilitated the laundering of 2,790 crore Indian rupees(over $350 million) through its platform, the country’s Fin...
WazirX Under Scrutiny by Indian Agencies For Money Laundering
10 hours ago | 2 mins read Bitcoin News A Show Cause Notice (SCN) has been issued under the terms of FEMA. ED is probing two instances involving WazirX under the FEMA Act 1999. State Minister for Fina...
WazirX Probed For Money Laundering of Over $350M!
On August 2, Pankaj Chaudhary (Minister of State for Finance) submitted a report in the Rajya Sabha addressing Money Laundering charges against the Indian Bitcoin exchange – WazirX. The report mention...
WazirX Comes Under Investigation as $350 Million Laundered Through Largest Indian Exchange
Gamza Khanzadaev WazirX is accused of laundering $350 million through crypto, founders already left India As became known from the Economic Times, WazirX, owned by Binance, was investigated in India o...
Crypto tax deters 83% Indian investors from crypto trading: WazirX report
The implications of what anti-crypto regulations can do to a thriving economy can be seen first-hand unfolding in India. Supporting the massive decline in trading volumes across all Indian crypto exch...
WazirX Price Prediction 2022: Market Analysis and Opinions
WazirX is an Indian cryptocurrency that came into existence in March of 2018, with its founders being Nischal Schetty, Sameer Mharte, and Siddharth Menon. This team was able to give room to the global...
The inherent flaw of delegated proof-of-stake governance systems with Nischal Shetty, WazirX
CryptoSlate recently caught up with Nischal Shetty, Founder of India’s biggest crypto exchange WazirX to discuss layer 1s, the human role in blockchain, validator responsibilities, proof-of-stake gove...
WazirX Slammed With Data Requests From Law Enforcements
The crypto exchange has received over 1023 requests from law enforcement agents in the October-March 2022 period. Report Reveals Surge In Data Request The India-based crypto exchange has revealed th...
WazirX Delists and Ceases Trading of LUNA/INR, LUNA/WRX, And LUNA/USDT
WazirX has delisted three trading pairs from its platform. These three trading pairs are LUNA/INR, LUNA/WRX, and LUNA/USDT. The delisting has been done based on the recent review of these trading pair...
WazirX CEO, COO Move Out of India to Dubai: Report
A news report suggesting that India’s hostile policy towards the digital asset sector is leading to an exodus of crypto-entrepreneurs from the country has said that Nischal Shetty and Siddharth Menon,...
WazirX Founders Relocate to Dubai Amid Harsh Crypto Regulations in India – crypto.news
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 cryptocu...
WazirX Relocates From India to Dubai Amid Heavy Crypto Tax Regulations
5 hours ago | 2 mins read Editors News Sameer Mhatre, WazirX’s co-founder and CTO would continue to operate in India. The organization’s employees are scattered over more than 70 distinct locations. W...
Indian Crypto Exchange WazirX To Shift Base To Dubai
WazirX, one of India’s largest crypto exchanges, is planning to shift its headquarters to Dubai, reports showed on Tuesday. The exchange’s co-founders, Nischal Shetty and Siddharth Menon, have alread...
CoinSwitch Kuber And WazirX Temporarily Block INR Deposits
CoinSwitch Kuber and WazirX, the two leading Indian crypto exchanges have currently disabled rupee deposits for the purchase of cryptocurrencies using the United Payments Interface (UPI). Among consta...
CoinSwitch and WazirX Disable Rupee Deposits via UPI
CoinSwitch Kuber and WazirX disabled cryptocurrency deposits via Rupee (INR) on its app using Unified Payments Interface (UPI). Besides UPI, bank transfers through NEFT/RTGS/IMPS were also disabled. C...
Know All About India’s Very Own Exchange, WazirX: Can WazirX’s Token Reach $5.68 by 2027?
WazirX is an Indian exchange launched in 2018 and claims to be the fastest-growing cryptocurrency exchange with a user base of more than 400,000 and has an average app rating of 4.6. The exchange also...
WazirX co-founder denies allegations of leaving the company
TL;DR Breakdown India based cryptocurrency exchange WazirX cofounder Nischal Shetty was accused of trying leaving the company Shetty recently enageged in developing his blockchain project named Sharde...
Why did WazirX token (WRX) jump 30% after India announced its big crypto tax?
Finance Minister Nirmala Sitharaman said that the government will tax digital currency earnings at 30%. This tax is applied to an array of cryptocurrencies that fall under what the government deems as...
WazirX Founder Launches Shardeum – A New Scalable Blockchain
Founder of India-based crypto exchange WazirX, Nischal Shetty, has announced the launch of a new blockchain called Shardeum to compete with both Ethereum and Solana. New Multi-Chain Blockchain The S...
Omar Syed and Nischal Shetty of WazirX Reveal a Crypto Project Named Shardeum
Crypto entrepreneurs Omar Syed and Nischal Shetty recently announced a new platform called Shardeum. Both Nischal and Omar have also worked on WazirX, which holds a major portion of the crypto market ...
WazirX CEO Nischal Shetty unveils new blockchain project Shardeum
Nischal Shetty, founder and CEO of Indian crypto exchange WazirX, has an ambitious goal of building an “infinitely scalable” blockchain and serving billions of users. To that end, Shetty h...
Grand PUSH Giveaway by WazirX
Wazirx and EPNS (Ethereum Push Notification Service) have come together to host multiple activities and generous giveaways for you. Join our platform to celebrate these activities and participate in t...
WazirX and Other Crypto Exchanges Under I-T and ED Scanners
Cryptocurrency is largely unregulated. When it comes to the Indian market, then the country is a part of the side that is yet to regulate the digital currency and its exchange platforms. This has been...
India Accuses WazirX of Tax Evasion, Future of Local Crypto Sector Remains Unclear
India’s largest cryptocurrency trading platform, WazirX, has been accused by the country’s authorities of tax evasion worth $5.4 million (40.5 crore rupees). On December 31, the Mumbai office of the g...
WazirX is conducting a grand EZ giveaway worth $47,510!
Overview of the EZ project EasyFi (EZ) is a DeFi or Decentralized Finance lending protocol, enabling collateralized lending by using Plasma to enhance user experience. The Ethereum-based EZ network is...
India’s Leading Crypto-Exchange WazirX Finally Responds to Tax Evasion Allegations
WazirX, a Binance-owned Indian cryptocurrency exchange, was recently found to be defaulting in its tax to the Indian government. Following a visit from the officers of India’s Goods and Services Tax a...
Binance-owned exchange WazirX targeted by India’s government for alleged tax evasion
Tax authorities in Mumbai announced Friday that they had uncovered tax evasion by the Binance-owned crypto exchange WazirX. According to a statement from the GST Mumbai East Commissionerate of Mumbai ...
WazirX to pay $66M in a tax evasion case
WazirX, one of India’s leading crypto exchange platforms, has paid more than $6.6 million for failure to pay the Goods and Services Tax (GST) on trade commissions. The money paid by the exchange will ...