Around 40 percent of the queries received from Law Enforcement Agencies (LEAs) were related to Ponzi schemes and social engineering scams.
Shetty expects the network to grow over the next 3-4 years, as the ecosystem moves from exchanges to decentralised products. The network also plans to cap the gas fee at Rs1-2
The ED investigation has dealt a huge blow to WazirX, as US-based crypto exchange Binance virtually disowned the company. A few hours after the ED froze WazirX accounts, Binance CEO Changpeng Zhao said it does not own the Indian crypto exchange, a deal that was understood to be completed in 2019
Zanmai Labs' statement comes days after ED's announcement and disagreements with Binance
Whether or not WazirX survives the ongoing blow, crypto investors’ trust in the company has taken a beating
The ED’s investigation into forex rule violations has only led to more unanswered questions about the two cryptocurrency exchanges in an unregulated space
Binance will not engage with WazirX going forward, and will ask Indian users to move assets to Binance.com, said the US-based crypto exchange
"Effective from 2022-08-11 03:00 (UTC), Binance will cease to support off-chain fund transfers between WazirX Exchange and Binance via the “Login with Binance” option,” said Patrick Hillman, Chief Communications Officer, Binance.
While WazirX’s acquisition was celebrated by Binance in 2019, the global crypto firm’s distancing itself from WazirX could be the beginning of a fractious relationship between the two crypto exchanges
Nischal Shetty said Zanmai Labs had a licence from Binance to process rupee transactions on cryptocurrency exchange WazirX
Could shut down WazirX, and Binance never had access to user data or KYCs, said CEO CZ
After a slow January-February, March was surprisingly buoyant for crypto in India and globally, WazirX CEO Nischal Shetty says
Global cryptocurrency exchange Binance, which acquired WazirX in 2019, may look at setting up a management team to oversee its operations, say sources.
Shardeum is targeting fundraising by April 2022 followed by its betanet launch in Q32022. The mainnet is estimated to launch towards the end of Q42022.
On a day when all India can talk about is cryptocurrencies, WazirX Co-founder Nischal Shetty spoke to Moneycontrol.
The industry is concerned mainly about ‘private cryptocurrencies’ which are likely to be prohibited as per understanding of the Bill.
"It will truly transform the market in our rapidly digitising world with a growing interest in NFT across the globe," WazirX founder Nischal Shetty said.