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WazirX Bank Accounts Unfrozen, Continues to Cooperate With ED


WazirX has published an official blog post to clarify that it will continue cooperating with the Enforcement Directory in its actions against allegedly accused fintech companies and instant loan mobile applications. WazirX is an Indian crypto trading platform established in 2017 by Siddharth Menon...

Uruguay Introduces Cryptocurrency Law in Parliament


A new cryptocurrency bill project was introduced by the executive power to the Parliament of Uruguay. The bill seeks to clarify how crypto assets will be regulated in the country, giving the Central Bank of Uruguay competence over cryptocurrency assets, modifying its organic charter,...

Central Bank of China Calls for Increasing Use of Digital Yuan


The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers....

India's ED 'Unfreezes' Bank Account of Crypto Exchange WazirX


The development is related to an ongoing investigation of 16 fintech companies over alleged fraud on instant loan apps, which are apps that make short-term loans. "Some out of them have happened to use the WazirX platform," said a company blog post. "WazirX has been cooperating with...

Southeast Asia’s Largest Bank DBS Enters the Metaverse


DBS, the largest bank in Southeast Asia, says it is “the first bank in Singapore to make a foray into the metaverse.” A DBS executive explained that “The metaverse presents exciting opportunities to redefine how we live, work and engage with each other.” DBS Entering...

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