Is wazirx an Indian exchange?

“Earlier, their managing director, Mr Nischal Shetty, had claimed that WazirX is an Indian exchange which controls all the crypto-to-crypto and INR-to-crypto transactions and only has an IP and preferential agreement with Binance.

What's happening with wazirx and Binance?

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.

Is wazirx being investigated for money laundering?

WazirX is being investigated for money laundering. NEW DELHI: India’s largest cryptocurrency platform has been in the news all of this week after the Enforcement Directorete revealed that it conducted searches on one of the directors of Zanmai Labs, which owns WazirX, and issued an order to freeze bank balances totalling Rs 64.67 crore.

Is wazirx a show cause notice?

Click here to subscribe for free.) The ED is probing WazirX, one of India’s largest crypto exchanges, which received a show cause notice to the tune of ₹ 2,790.74 crore last year. WazirX said it has a “no tolerance policy” regarding illegal activities using its exchange and was “fully cooperating” with the ED.