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| WazirX 
| #WRX
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| WRX Price: | $0.11 | | Volume: | $1.1 M | | All Time High: | $5.90 | | Market Cap: | $40.8 M |
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| Circulating Supply: | 381,860,000 |
| Exchanges: | 8
| | Total Supply: | 962,646,669 |
| Markets: | 28
| | Max Supply: | — |
| Pairs: | 22
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The price of #WRX today is $0.11 USD.
The lowest WRX price for this period was $0, the highest was $0.107, and the current live price for one WRX coin is $0.10690.
The all-time high WRX coin price was $5.90.
Use our custom price calculator to see the hypothetical price of WRX with market cap of ETH or other crypto coins. |
The code for WazirX crypto currency is #WRX.
WazirX is 3.3 years old. |
The current market capitalization for WazirX is $40,821,051.
WazirX is ranking downwards to #317 out of all coins, by market cap (and other factors). |
The trading volume is big today for #WRX.
Today's 24-hour trading volume across all exchanges for WazirX is $1,132,732. |
| The circulating supply of WRX is 381,860,000 coins, which is 40% of the total coin supply. |
WazirX Blog Has A New Destination Now
Namaste Tribe! We are thrilled to announce that we have a new destination for our blogs and articles, i.e, www.blog.wazirx.com. Now you can browse through all our articles just by going to this page. You can select your digest based on categories like Announcements, Contests, Events, Bitcoin, Blockchain, Cryptocurrencies, News, Opinion, and Media. You can subscribe to our blog page to get the latest news and updates. Don’t forget to let us know what you think through your comments, as every opinion matters to us. If you like the article, share it across on social media and tag @WazirXIndia. WazirX Blog Has A New Destination Now was originally published in WazirX on Medium, where people are continuing the conversation by highlighting and responding to this story.
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About today’s draft cabinet note on crypto ban in India
About today’s draft note on crypto ban in India Namaste Tribe! This article is based on a note, contents of which are unclear. It’s not clear whether the finance ministry intends to work upon the old draconian crypto bill or whether they plan to work on bringing a new bill.With over 5 Million young crypto enthusiasts, India is poised to gain a big share of the the $250+ Billion crypto market. The crypto ecosystem and technology evolves quickly and it’s in India’s best interests to revisit the entire bill and think in the direction of innovation. Encouraging a fast growing industry is in India’s best interest. We’re living in dangerous times where we have lost many lives due to the Covid-19 pandemic. The global economy has also taken a hit with majority of once-thriving industries in shambles. Crypto, on the other hand, has been generating jobs across a variety of functions — legal, compliance, tech, marketing, business development, finance, etc. — in India and abroad. There are top-notch projects that have come out of India. Imagine what we can achieve with positive regulation! I’ve also said it before, that when it comes to regulating crypto, I’m positive that India will follow the footsteps of developed countries like Japan, USA, UK, Australia, and more. India has been on fence for a long time while most of the developed world has accepted and introduced positive regulations. The question that ... 
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Buy/sell StormX (STMX) on WazirX
Namaste Tribe! We’d announced our support for STORM token swap to STMX. We’ve successfully completed the STMX token swap, and STMX trading is live on WazirX 💪Buy, sell, trade STMX in our USDT & BTC markets on WazirX.STMX listing schedule 👉 STMX/USDT & STMX/BTC trading is live 👉 We’ll enable STMX deposits and withdrawals todaySTMX Trivia StormX allows you to earn anywhere, anytime, from any device by completing gamified micro-tasks or shopping online. Users can earn up to 87.5% crypto back as a StormX Rewards member.Priyanka works at WazirX, and is HODLing like most of us. Buy/sell StormX (STMX) on WazirX was originally published in WazirX on Medium, where people are continuing the conversation by highlighting and responding to this story.
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TomoChain on WazirX + Highest Trader Kaun Marathon
Namaste Tribe! TomoChain (TOMO) is now listed on WazirX, and you can buy, sell, trade TOMO in our USDT market. We’re also running a Highest Trader Kaun Marathon on 8th and 9th June 2020.We’re giving away ₹4,16,000 worth TOMO in Highest Trader Kaun Marathon! Share thisWhat about TOMO Deposits & Withdrawals? TOMO is a part of our Rapid Listing Initiative. Hence, we have started TOMO trading without enabling its deposits and withdrawals. What does it mean for you?Deposits — You won’t be able to deposit TOMO from another wallet to WazirXTrading — You will be able to buy, sell, trade TOMO in our USDT market. When you buy TOMO, it will appear in your “Funds”Withdrawals — You won’t be able to withdraw TOMO from your WazirX wallet. You can, however, sell it in the USDT market Don’t worry, you’ll be able to deposit/withdraw TOMO on WazirX very soon. Read more about the Rapid Listing Initiative here.How can I participate in the contest and win? Winners will be decided on the basis of the volume and number of TOMO traded in our USDT market. Here’s how to qualify: For volume of trades: Minimum trade volume of ₹5,000 worth of TOMO each day For number of trades: Minimum 50 trades each dayYou can participate and win on both days.When is the contest?Monday, 8th June: 9 AM — 9 PM ISTTuesday, 9th June: 9 AM — 9 PM ISTClick here to invite your friends to participate!What’s t...
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Support for STORM Token Swap to STMX
Namaste Tribe! If you’re holding Storm (STORM) tokens on WazirX, we have some good news for you. WazirX fully supports the upcoming STORM token swap to STMX. STORM to STMX will be a 1:1 token swap. After the swap, the STORM tokens will be destroyed. Read moreImportant TimelineWe’ll suspend STORM deposits and withdrawals at 7 AM IST on 7th June 2020We’ll suspend STORM/USDT and STORM/BTC trading at 7:30 AM IST on 8th June 2020Snapshot time: 8:30 AM IST on 8th June 2020STMX trading will start on 11th June 2020 on WazirX.What do I need to do? Nothing! If you’re holding STORM on WazirX, you don’t need to do anything at all. We’ll handle all technical requirements to ensure a smooth transition for you. We’ll also make an announcement after the token swap is complete, and when deposits and withdrawals resume. For further information, please refer to StormX Token Swap Technicality.Priyanka works at WazirX, and is HODLing like most of us. Support for STORM Token Swap to STMX was originally published in WazirX on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Chromia on WazirX + Highest Trader Kaun Marathon
Namaste Tribe! Chromia (CHR) is now listed on WazirX, and you can buy, sell, trade CHR in our USDT market. We’re also running a Highest Trader Kaun Marathon tomorrow, 3rd and 4th June 2020.We’re giving away ₹3,80,000 worth CHR in Highest Trader Kaun Marathon! Share thisWhat about CHR Deposits & Withdrawals? CHR is a part of our Rapid Listing Initiative. Hence, we have started CHR trading without enabling its deposits and withdrawals. What does it mean for you?Deposits — You won’t be able to deposit CHR from another wallet to WazirXTrading — You will be able to buy, sell, trade CHR in our USDT market. When you buy CHR, it will appear in your “Funds”Withdrawals — You won’t be able to withdraw CHR from your WazirX wallet. You can, however, sell it in the USDT market Don’t worry, you’ll be able to deposit/withdraw CHR on WazirX very soon. Read more about the Rapid Listing Initiative here.How can I participate in the contest and win? Winners will be decided on the basis of the volume and number of CHR traded in our USDT market. Here’s how to qualify: For volume of trades: Minimum trade volume of ₹5,000 worth of CHR each day For number of trades: Minimum 50 trades each dayYou can participate and win on both days.When is the contest?Wednesday, 3rd June: 9 AM — 9 PM ISTThursday, 4th June: 9 AM — 9 PM ISTClick here to invite your friends to participate!What’s the ...
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Month in Review — May 2020
Month in Review — May 2020 - Namaste Tribe! Another eventful month has gone by. Our team has been working tirelessly to bring you your favourite features and tokens faster to you. — What happened last month - [Done] ANKR listing & contest: We have listed ANKR under Rapid Listing Initiative. We also ran a Highest Trader Kaun Marathon for ANKR/USDT where we gave away ₹2,88,000 worth ANKR to top 25 traders by number as well as volume. Read more [Done] TradingView chart: One of the most-awaited feature is finally live on WazirX! In May, we introduced TradingView chart on WazirX. It’s the most advanced charting tool for traders, and here’s what you can do: Track your orders on the chart, Cancel your orders on the chart, Predict price trends via multiple indicators, Read more about how to make the most of advanced charting on WazirX. [Done] Polaris Initiative: WazirX and Binance introduced Polaris — an initiative designed under the ‘Blockchain for India’ Fund to support first-time entrepreneurs and tech talents who want to explore working on crypto and blockchain-related projects. The funding for projects joining Polaris initiative will be based as follows: Polaris Kickstart Program, Polaris Blitzscale Program, Direct Investment Program, Read more [Done] WRX listing on FTX: May was a big month for WRX because, yes, WRX is now listed on FTX! You can buy, sell, trade WRX in USD & USDT mar...
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Highest Trader Kaun: WRX/INR
Namaste Tribe! What can be a better Monday motivator than Highest Trader Kaun for WRX/INR on 1st June starting 9 AM IST?Total bounty worth ₹1,00,000 worth WRX! Share thisHow can I participate and win? Winners will be decided on the basis of the volume and number of WRX traded in our INR market. Here’s how to qualify:For volume of trades: Minimum trade volume of ₹5,000 worth of WRXFor number of trades: Minimum 50 tradesWhen is the contest? Monday, 1st June: 9 AM — 9 PM ISTClick here to invite your friends to participate!What’s the bounty? For volume of trades:For the highest volume of trades: 2385 WRX (worth ₹25,000)For the 2nd highest volume of trades: 1526 WRX (worth ₹16,000)For the 3rd highest volume of trades: 1145 WRX (worth ₹12,000)For each of the next top 17 highest volume of trades: 95 WRX (worth ₹1,000)Total bounty for volume of trades is ₹70,000 worth WRX For the number of trades:For the highest number of trades: 858 WRX (worth ₹9,000)For the 2nd highest number of trades: 477 WRX (worth ₹5,000)For the 3rd highest number of trades: 229 WRX (worth ₹2,400)For each of the next top 17 highest number of trades: 76 WRX (worth ₹800)Total bounty for number of trades is ₹30,000 worth WRX Note: You can qualify for only one category of bounty (volume or number) whichever has a higher value. For example, if you’re the 2nd highest trader in terms of number, and 2nd highest in...
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Play Creepts Game with $5,000 CTSI Giveaway
Namaste Tribe! Earlier this week, WazirX had listed Cartesi in our USDT market, and given away ₹3,78,000 worth CTSI in a trading contest marathon. Now, WazirX and Cartesi have partnered for Creepts tournament, and we’re giving away $5,000 worth CTSI! 💪 Creepts is a thrilling decentralized tower defense tournament game built on top of Cartesi’s Layer 2 solution for blockchain.When is the tournament?Start Time: June 1st at 5 PM ISTEnd Time: June 4th at 5 PM ISTMap will be announced shortly before the tournamentHow can I participate?Log in to WazirX and get your WazirX Referral IDGo to https://wazirx.creepts.ioPlay the game and compete for the highest scoreWhen the game is over, enter your alphanumeric WazirX Referral ID — NOTE:. — Please use the alphanumeric referral code only (no links) on the referral homepage.You can replay the game as many times as you wish in an attempt to achieve a higher score.More instructions on https://wazirx.creepts.ioExample of a Referral CodeRewards: The tournament will consist of the top 1000 users submitted and verified scores.Terms & Conditions:Rewards are set at a rate of 1 CTSI = 0.037 USD.Rewards are allocated based on the final rankings of the round.Users will be required to be registered and KYC verified on WazirX, to be able to participate and receive a reward.CTSI rewards will be distributed within 2 weeks after the contest ends. Users can log in and se...
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WRX Unlock — 31st May 2020
WRX Unlock — 31st May 2020 - Namaste Tribe! You — our community and early WRX adopters — have always been at the forefront of every new feature decision we make. In fact, thanks to your support, we have grown WazirX and taken WRX to millions! Patience and hard work pay off! WRX token release is our way to reward you for trusting us. On Day Zero of WRX listing, we had unlocked 10% of your WRX tokens (with a maximum limit of 5000 WRX). This was followed by unlocking one-third of your locked WRX tokens which can be used to pay trading fees. Now, starting 31st May, 2020, we’ll start WRX token unlock for ‘Fixed periodic vesting’ and ‘Volume-based vesting’. Fixed periodic vesting: Starting 31st May 2020, one-third of your locked WRX tokens will be unlocked equally over a period of 24 months (2 years), Volume-based vesting: Based on your trading volume, a maximum of one-third of your locked WRX tokens will be unlocked starting from 31st May 2020. The token amount unlock will happen quarterly — divided into 8 quarters, i.e., 2 years., Read more about WRX release schedule announcement. From WRX IEO in February 2020 till today, we have come a long way and grown by leaps and bounds in these 4 months. — Keep BUIDLing - WRX — the first Indian exchange-backed token to IEO on Binance, Coinmarketcap listing for $WRX, Log in to WazirX via Binance, 14 new trading pairs listed, ₹25,00,000 ...
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 | WazirX Shuts Down NFT Marketplace Due to Low Traction
Indian crypto exchange WazirX has wound up its NFT marketplace operations with immediate effect. Currently, the WazirX NFT site displays a message to this effect.
WazirX NFT Sunsetted
“The WazirX NFT marketplace has been sunsetted. You can still trade your NFTs on OpenSea,” the message reads.
In a statement on its site, Wazir said despite creating a “safe and secure” marketplace, the business “did not gain much traction.”
“NFTs are decentralized, and owners have complete control over their assets, which is why they have become so popular. Our users can rest assured that they can continue to hold their NFTs in their wallets, and these can be sold in other marketplaces such as OpenSea,” the statement clarified.
A report by Inc42 said that WazirX NFTs has 52,253 items on sale on OpenSea.
No Notice, Rug Pull…
The news was received with surprise on social media. Several posts on Twitter pointed to “Zero notice,” and some termed it a rug-pull. A Twitter user complained that the NFTs hosted on this platform will now fetch nothing.
WazirX CEO Nischal Shetty replied to a tweet that termed the closing down of the WazirX NFT marketplace a rug-pull.
“Rugpull? NFTs have always been under self-custody of those participating,” he said.
Only a day before WazirX shut down its marketplace, an NFT collection unde...
|  | Indian Crypto Exchange Wazirx Calls Binance's Allegations 'False and Uns...
Indian crypto exchange Wazirx has denied the allegations made by Binance regarding the relationship between the two crypto exchanges. Emphasizing that the allegations 'are false and unsubstantiated,' Wazirx stressed. 'As far as Binance's actions are concerned, we are taking the necessary steps to seek recourse and protect our legal rights.'Wazirx Says Binance's Accusations Are 'False and Unsubstantiated'
Wazirx said Tuesday that Binance's allegations regarding its relationship with Zanmai Labs, allegedly the entity that operates the Indian crypto exchange, are 'false' and 'misleading.' The company added that it is seeking recourse.
Wazirx wrote on its website:
The allegations made by Binance in their blog are false and unsubstantiated. As far as Binance's actions are concerned, we are taking the necessary steps to seek recourse and protect our legal rights.
The global cryptocurrency exchange has accused Zanmai of making 'a series of misleading claims related to Binance's alleged role in and responsibility for operating the Wazirx exchange.' Binance said on Friday, Feb. 3: 'The false and misleading narrative put forth to the public misrepresented Binance as maintaining control over Wazirx users' assets, user activity, and the platform's operations.'
Binance's announcement followed a public dispute between the two crypto exchanges. In August last year, Wazirx founder Nischal Shetty insisted that Wazirx is owned and controlled by Binance. 'Zanmai Labs has [a] license from Binanc...
|  | Binance Says Indian Crypto Exchange Wazirx Can No Longer Use Its Wallet ...
Binance has announced that Indian crypto exchange Wazirx can no longer use Binance wallet services. Zanmai, the operator of Wazirx, has until Feb. 3 'to remove the funds from the accounts that they used for Wazirx's operations.' The move followed a public dispute regarding the relationship between Binance and Wazirx.
Binance Ends Wallet Services to Wazirx
Cryptocurrency exchange Binance said Friday that Indian crypto exchange Wazirx 'can no longer use Binance wallet services.'
Noting that it 'has no control over Wazirx user funds or any aspect of the Wazirx exchange's operations,' Binance explained:
We provided wallet and related technology services to the exchange's operator, Zanmai Labs (Zanmai), – a service we are terminating.
While Zanmai has conveyed its intention to withdraw funds from relevant accounts, Binance noted that at the time of its announcement, the Indian company 'has not fully withdrawn assets held in the Binance wallets that it uses for Wazirx's operations.'
The Public Dispute Between Binance and Wazirx
Binance's termination of wallet services to Zanmai followed a public debate between Binance and Wazirx regarding the nature of the relationship between the two cryptocurrency trading platforms.
'Zanmai has made a series of misleading claims related to Binance's alleged role in and responsibility for operating the Wazirx exchange,' Binance described, elaborating:
The false and misleading narrative put forth to the public misrepresented Binance as mainta...
|  | Binance Gives Deadline for WazirX to Withdraw Client Assets Stored in it...
The world's leading crypto exchange has given an ultimatum to the operator of WazirX to withdraw all customer funds stored on Binance's infrastructure and wallets.
This comes as Zanmai has supposedly refused to retract a previous 'false public statement' against Binance.
The spat between the two crypto trading platforms began last year when the Indian government went after WazirX, raided offices belonging to Zanmai (the exchange's operator), and froze over $8 million in assets.
Binance, which had previously invested in the Indian company, refused to have any other affiliation with it, even though there were reports that it actually owns at least a portion.
Earlier today, the CZ-led crypto giant issued another statement, urging Zanmai to 'work out arrangements with us to withdraw any remaining assets in the relevant accounts after 3 February.'
This is because Binance believes WazirX's operator had made numerous 'false public statements' in the past related to the former's 'alleged role in and responsibility for operating' the latter.
'On 26 January 2023, we offered Zanmai a choice between retracting the false public statements (and continuing to use our services) or terminating the use of our wallet service. Since Zanmai has refused to clarify their misleading statements, Zanmai has till 3 February 2023 (23:59 UTC) to remove the funds from the accounts that they used for WazirX’s operations.'
Binance said it only provides wallet services and general infrastructure to ...
| | India's WazirX Releases Proof-of-Reserves With Over 1:1 Liability Ratio
Indian crypto exchange WazirX released its proof-of-reserves (PoR) report disclosing its reserves-to-liability ratio of over 1:1. Alongside the paper, published by CoinGabbar, a third-party platform that tracks crypto assets, WazirX also made its wallet addresses, and list of exchanges available to the public.
At press time, the Indian company had over $283 million of total user assets in the form of stablecoin USDT.
Proof-of-Reserves
WazirX, in a statement, highlighted that the platform is not only India’s largest crypto exchange by volume but is also the largest in terms of reserves. According to the report, 90% of user assets are held in wallets at Binance despite a very public spat between the CEOs of the two crypto exchanges - CZ and Nischal Shetty - over WazirX's ownership.
Meanwhile, the remaining user asset balance of 10% is stored in hot and warm wallets. This adds to nearly $257.25 million and $26.59 million, respectively.
The wallets used by the platform are multi-sig with multiple private keys required to perform certain tasks, thereby making it difficult to get compromised.
Over the last two months, several crypto exchanges have rushed to publish PoR reports in a seeming attempt to reassure clients their funds are safe after FTX's meltdown. WazirX is the latest to hop on the trend. In case of liquidation, the company assured the customers that it has sufficient funds 'till the last minute' to enable withdrawals in case of liquidation.
Commenting on the repo...
|  | India Freezes More Crypto Including Bitcoin and Tether as Investigation ...
India's Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nuggets. In its latest announcement, the ED revealed that nearly 86 bitcoins found at crypto exchange Binance were frozen.Indian Authority Freezes More Cryptocurrencies: Bitcoin, Tether, Wazirx Token
India's Directorate of Enforcement (ED) announced Friday that it has frozen two more cryptocurrencies under the country's Prevention of Money Laundering Act (PMLA). The ED is the Indian government's law enforcement and economic intelligence agency. The announcement details:
Directorate of Enforcement (ED) has freezed the crypto currencies WRX (utility token of Wazirx) and USDT (tether, an Ethereum token that is pegged to the value of a U.S. dollar) equivalent to Rs 47.64 lakhs.
The ED initiated a money laundering investigation of Aamir Khan and others relating to E-nuggets on the basis of an FIR dated Feb. 15, 2021.
Aamir Khan, S/o Nesar Ahmed Khan launched E-Nuggets, 'which was designed for the purpose of defrauding public,' the Indian authority said. 'Further, after collecting handsome amount from the public, all of the sudden, the withdrawal from the said app, was stopped, on the pretext of one and other excuses.'
The agency explained that its investigations have revealed that the accused transferred the amount earned through the E-nuggets gaming app using a cryptocurrency exchange...
|  | Wazirx Follows in Binance's Footsteps Unlisting USDC, USDP and TUSD
On September 19, WazirX, one of India's leading cryptocurrency exchanges, announced the delisting of Circle's USDC, Paxos' USDP, and TrueUSD (TUSD) stablecoins, effective September 26, following in Binance's footsteps.
According to the statement, USDC, USDP, and TUSD deposits have already been suspended. In addition, users will have to withdraw their funds by October 05, or they will be automatically converted to BUSD —just like Binance did.
'Auto-conversion will be done on or before October 05. After the Auto-Conversion is completed, users will be able to withdraw USDC, USDP, or TUSD at a ratio of 1:1 from their BUSD balances.'
Tether's USDT will still be supported.
WazirX's Goal Is 'To Enhance Liquidity And Capital Efficiency'
According to WazirX, the delisting of USDC, USDP, and TUSD, seeks to enhance liquidity and capital efficiency for users, a claim identical to what Binance made recently when it delisted the same stablecoins.
Like Binance, WazirX ended its statement by indicating that it could include other significant stablecoins. However, the exchange did not provide further information in this regard.
The relationship between Binance and WazirX is tricky. On its official site, WazirX claims it is affiliated with the Binance group, so the decision could be in line with Binance's interests to make BUSD one of the most important stablecoins in the ecosystem, increasing its market capitalization, which is currently around $20.52B.
However, as CryptoPotato recently...
|  | Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Con...
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 to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October 5
During the first week of September, the world's largest crypto exchange by trade volume, Binance, revealed it would be dropping a number of stablecoins. Binance also noted at the time, that customers had a certain period of time to withdraw the stablecoins or the funds would be automatically converted to BUSD.
On September 19, 2022, the cryptocurrency exchange Wazirx said it would no longer support deposits for USDC, TUSD, and USDP. The announcement published on Monday details that customers can still withdraw the aforementioned stablecoins but only until Friday, September 23.
Wazirx will 'support withdrawals of USDC, USDP, and TUSD till 5 PM IST on 23rd September 2022,' and 'delist USDC, USDP, and TUSD spot market pairs at 07:30 AM IST on 26th September 2022,' the exchange announcement notes. By October 5, any stablecoin balances left on the exchange will be automatically converted to BUSD.
Binance and Wazirx dropping USDC, TUSD, and USDP follow commentary from Circle's CEO Jeremy Allaire about Binance's decision, and Trueusd and Paxos representatives supporting the idea. The move by Wazirx also follows the reports concerning the disagr...
|  | Binance CEO's Warning About Wazirx Wallets, Nigerian EFCC on Naira Depre...
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 needs policy,' and the government of Nepal is preparing to issue its own digital currency. The weekend is here, and it's time for the Bitcoin.com News Week in Review.
Binance CEO Warns 'We Could Disable Wazirx Wallets' - Advises Investors to Transfer Funds to Binance
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 followed numerous tweets by CZ and Wazirx's founder regarding whether Binance acquired Wazirx.
Read More
Report: Nigerian Anti-Graft Body Identifies Individuals Fueling the Naira's Rapid Depreciation
Nigeria's Economic and Financial Crimes Commission (EFCC) recently claimed it had identified individuals and organizations whose rapid accumulation of U.S. dollars recently accelerated the depreciation of the local currency, a report said. According to Abdulrasheed Bawa, the EFCC chairman, his organization is currently going after foreign currency speculators in Kano, Lagos, Port Harcourt, Enugu, and Calabar.
Read More
Shark Tank Star Kevin O'Leary Buys the Bitcoin Dip - Says Crypto 'Desperately Needs Policy'
Shark Tank star Kevin O'Leary, aka Mr...
|  | 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, both co-founders of WazirX, have left India along with their families for Dubai. Shetty and Menon are CEO and COO at WazirX, respectively.
The Binance-operated company, the largest Indian crypto exchange by volume, is among the many local trading venues that had seen a sharp fall in transactions since April 1, when the new crypto taxations rules became effective.
Although there is no official confirmation or denial of these rumors, WazirX has addressed the media query in this regard with a statement that says the company is a remote-first and its executives can work from anywhere, the news report said.
'We are a remote-first organisation with employees from over 70+ locations. This gives all the company employees the option to work from anywhere, subject to their comfort and convenience unless they are required to travel officially. WazirX is headquartered in Mumbai and Bengaluru, and there is no change in any of our operating procedures. It is business as usual,' Business Today quotes from the statement in its report.
Dubai is rapidly emerging as a new crypto hub and may become an important destination for Binance, which owns WazirX. Against this backdrop, the shifting of the base by key WazirX executives to Dubai hints that they might be roped in for larger roles ...
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