Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers

Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny.

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.

WazirX Faces Sanction For Abating Illegal Loan App Companies

Asian crypto exchange WazirX which has been under the probe of the Indian enforcement agency, Directorate of Enforcement has finally had its bank assets seized (Read More)

Binance's CZ clarifies position after 'incorrect reports' on WazirX 'acquisition'

Binance CEO Changpeng Zhao has claimed that the company “does not own any equity” in Zanmai Labs, the parent company of Indian crypto-exchange WazirX.

India Freezes Crypto Exchange Wazirx’s Bank Assets — Binance Claims Acquisition of Wazirx Was ‘Never Completed’

A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED).

Indian authorities freeze $8.1M in WazirX funds as part of AML investigation

The Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route." India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud.In a Friday announcement, the Directorate of Enforcement alleged WazirX facilitated transactions by unnamed fintech firms “to purchase crypto assets and then launder them abroad” as part of a scheme involving Chinese-backed companies circumventing India’s licensing regulations.

India’s Financial Watchdog Freezes Binance-Owned WazirX’s Assets for ‘Lax KYC Norms’

Indian law enforcement claimed a WazirX director was allegedly “non-cooperative” after accusations of assisted fraud and money laundering. 

KuCoin Indian customer base surges by 659% but here's the issue

The current state of the cryptocurrency market is one surrounded by bears.

Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited.

India needs global collaboration to decide on crypto's future, says finance minister

Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation.

Analyzing the standing of Indian crypto market with 5ire case study

An Indian blockchain company 5ire, recently raised $100 million in a Series A round of funding from UK-based Sram and Mram.

Indian blockchain firm 5ire secures $100M to fund sustainability-focused project

An Indian development firm looks to create a bridge between sustainability and blockchain technology with a proprietary layer-1 protocol incentivizing the use of United Nations sustainable development goals. An ambitious sustainability-based blockchain project has secured $100 million in a Series A funding round to drive its development.Indian entrepreneurs Pratik Gauri and Prateek Dwivedi have spearheaded the foundation of a fifth-generation blockchain network known as 5ire, which looks to incentivize the implementation of United Nations' sustainable development goals (SDGs) for users of its system.The project has now attracted a total of $121 million in investment.