The Enforcement Directorate on Tuesday said it has taken possession of funds worth Rs. 90 crore, kept in cryptocurrency wallets of exchanges like Binance, ZebPay and WazirX, as part of a money laundering investigation linked to an online gaming app “scam”. “These crypto assets were subsequently taken into possession and…
The month of March proved to be quite the lucrative period for the overall cryptocurrency sector. While Bitcoin attained its new all-time high and Ether came close to creating its own, several altcoins also recorded a notable upswing in their respective trajectories. Indian crypto exchange WazirX, on April 2, released…
The Indian crypto industry, on Wednesday, February 7, got a new crypto-INR Futures Exchange called ‘Pi42′. Zebpay CEO Avinash Shekhar and WazirX founder Nischal Shetty have founded this exchange in order to let Indians engage with crypto without having to face one percent TDS on each transaction. The launch of…
WazirX disclosed the trajectory of its business this year only to give an insight into the slump spell that the crypto market is under as India awaits to complete regulatory deployments to oversee the sector. The Indian crypto trading platform, in 2023, managed to generate around $1 billion (roughly Rs….
The next eighteen months could seem like a lifetime for Web3 firms, waiting to take their operations full scale in the most populated country of the world, India. Despite a crypto roadmap having been finalised by G20 this year, India is still at least a year-and-a-half away from deploying these…
WazirX, the Indian crypto exchange, announced its partnership with Singapore-based TaxNodes on Tuesday, May 2. The aim of this partnership is to allow WazirX users to compute their crypto taxes in India and file their taxes on a timely basis. The move is intended to simplify the understanding for investors…
Between October 2022 and March 2023, India’s WazirX crypto exchange received 431 requests from law enforcement agencies seeking details of suspicious transactions. The amount of capital tied to these requests summed up to a whopping $390 million (roughly Rs. 3,222 crore). The information was disclosed by WazirX in its fourth…
The market for non-fungible tokens (NFTs), which went through a rocky momentum this year, is projected to explode in popularity in the upcoming year. More brands across industries will adopt NFTs as a way to entice, reward, and retain next-gen buyers to give them immersive experiences enveloped in metaverse experiences….
The crypto community of India finds itself perplexed in the backdrop of an ongoing heated Twitter feud between WazirX co-founder Nischal Shetty and Binance CEO Changpeng Zhao. WazirX, a known name among Indian crypto exchanges, is undergoing a probe from India’s financial watchdog, the Enforcement Directorate (ED), over alleged predatory…
The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs. 64.67 crore as part of a money laundering probe against crypto currency exchange WazirX. The federal agency said it conducted raids against a director of Zanmai Lab Private Limited, which owns WazirX, on August 3 in…
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