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Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
20.9.2022
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans...
Crypto Exchange WazirX to Delist USDC in Boost for Binance's Stablecoin
19.9.2022
WazirX is delisting USDC, USDP, and TUSD and will automatically convert customer holdings into BUSD
Indian exchange WazirX follows Binance in delisting USDC
19.9.2022
Just like Binance, India-based exchange WazirX will implement BUSD auto-conversion for balances of USDC, USDP and TUSD at a 1:1 ratio in October
WazirX Bank Accounts Unfrozen, Continues to Cooperate With ED
13.9.2022
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...
Indian Authorities Unfreeze Wazirx’s Bank Accounts, the Crypto Exchange Says
13.9.2022
India’s Enforcement Directorate (ED) has unfrozen the bank accounts of cryptocurrency exchange Wazirx, the company said. The accounts were frozen as part of the federal agency’s investigation into 16 fintech companies and instant loan apps. Wazirx Says Its Bank Accounts Are...
Indian authorities unfreeze millions in locked WazirX bank accounts
12.9.2022
The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds
India's ED 'Unfreezes' Bank Account of Crypto Exchange WazirX
12.9.2022
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...
Indian Authorities Search Crypto Exchange Coinswitch Kuber — CEO Says It’s Not Related to Money Laundering
27.8.2022
India’s Enforcement Directorate (ED) has conducted searches at five premises linked to popular cryptocurrency trading platform Coinswitch Kuber. The company says its engagement with the ED was not related to any money laundering inquiry. The federal agency recently froze the assets of...
Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges
16.8.2022
India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance Minister Cautions About Crypto Indian Finance Minister Nirmala...
Binance distances from WazirX as Indian regulators keep chasing crypto
15.8.2022
The ownership of WazirX became a hot topic as CZ claimed the deal never went through, but three years later, there’s still no clarity
Binance CEO’s Warning About Wazirx Wallets, Nigerian EFCC on Naira Depreciation, O’Leary Buys the Dip — Bitcoin.com News Week in Review
14.8.2022
Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira’s depreciation, Shark Tank star Kevin O’Leary says crypto “desperately...
Indian law enforcement accuses WazirX exchange of aiding in laundering of $130M
11.8.2022
India’s Enforcement Directorate, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets
Binance sides with Indian regulators in WazirX fallout, to cease support for off-chain transfers
8.8.2022
Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny
WazirX Co-Founder Nischal Shetty Speaks Out on Spat With Binance CEO
8.8.2022
Shetty said his team has been in discussions with Binance for several months to try and resolve the ownership issue
WazirX Tackles Ownership Dispute and ED Probe
8.8.2022
WazirX recently got into a public spat with Binance after the latter claimed ownership, affecting over 15 million users as of August 2022. The dispute caught a spark after Changpeng Zhai, the Chief Executive Officer of Binance, tweeted that Binance could shut down WazirX, but it can’t as it would...
WazirX Founder Says Binance Has Restarted Off-Chain Transfers
8.8.2022
Following reports of panic among WazirX users at Binance's cessation of off-chain transfers, WazirX's Shetty has said that these services have now been resumed
Panic Grips WazirX Users After Binance's CZ Asks Users to Move Funds
8.8.2022
Changpeng "CZ" Zhao has stirred panic among users of WazirX saying Binance could shut down the Indian cryptocurrency platform and advising its users to transfers their funds to Binance
Bollywood-like Drama Erupts as CZ Moves to Distance Binance from India’s WazirX Exchange
8.8.2022
A bitter dispute about the ownership of WazirX, an Indian crypto exchange that is being probed by the nation’s law enforcers over suspected money laundering allegations, has descended into a Twitter-based face-off between the Binance CEO Changpeng “CZ” Zhao and the WazirX Founder Nischal Shetty....
Binance CEO Warns ‘We Could Disable Wazirx Wallets’ — Advises Investors to Transfer Funds to Binance
7.8.2022
Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning numerous tweets by CZ and Wazirx’s founder regarding whether Binance...
India Freezes Crypto Exchange Wazirx’s Bank Assets — Binance Claims Acquisition of Wazirx Was ‘Never Completed’
6.8.2022
A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never...