The Impact of Cryptocurrency Regulations on the Indian Market
The CEO of India's domestic cryptocurrency exchange, WazirX, has suggested that the country's crypto industry may need to wait for up to two years before seeing a more favorable tax regime. Last year, Indian authorities introduced a 1% Tax Deducted at Source (TDS) on cryptocurrency transactions, lea ...
Black Dot and Cryptocurrency Exchange Advocate for Restoring Access to UPI for Indian Crypto Companies
Consulting firm Black Dot and an unnamed cryptocurrency exchange have asked the Central Bank of India to restore access for cryptocurrency companies to the national Union Payments Interface (UPI) payment system. Last year, Indian cryptocurrency trading platforms CoinSwitc ...
WazirX Accuses Binance of Controlling WRX Tokens and Withholding IEO Profits
Indian cryptocurrency exchange WazirX said that Binance controls 580 million WRX tokens and also retains all profits from the initial exchange offer (IEO). "Binance is responsible for the quarterly burning of WRX tokens. The last WRX burn - th ...
Indian Exchange WazirX Claims Binance Controls WRX Turnover and Burning
The Indian exchange has issued a new statement It claims that Binance has full control of the WRX turnover and is responsible for the burning Anciently there was a heated fight between the companies Binance insists it has no links with WazirX ...
WazirX Partners with TaxNodes to Simplify Reporting for Indian Cryptocurrency Traders
Indian cryptocurrency exchange WazirX announced a partnership with tax platform TaxNodes, promising traders to simplify the reporting process. Rajagopal Menon, vice president of WazirX, said that through a partnership with TaxNodes traders will be able to quickly get info ...
WazirX Blocks 2,431 Accounts and Receives 431 Law Enforcement Requests in 5 Months
WazirX, an acclaimed cryptocurrency exchange operating in India, recently released a report stating that a total of 2,431 accounts were blocked on their platform between October 2022 and March 2023 for breaching platform policies and regulations. Over this period, the exchange was also contacted ...