Binance-owned WazirX under investigation in India over alleged money laundering

The Indian Directorate of Enforcement is investigating WazirX to determine whether it facilitated the laundering of 2,790 crore Indian rupees(over $350 million) through its platform, the country's Finance Minister, Pankaj Chaudhary, told local media. The post Binance-owned WazirX under investigation in India over alleged money laundering appeared first on CryptoSlate.

Timeline of Wazirx

CryptoSlate recently caught up with Nischal Shetty, Founder of India's biggest crypto exchange WazirX to discuss layer 1s, the human role in blockchain, validator responsibilities, proof-of-stake governance, and decentralization. The post The inherent flaw of delegated proof-of-stake governance systems with Nischal Shetty, WazirX appeared first on CryptoSlate.

The swiftly growing user base of cryptocurrencies in India has pushed crypto to emerge as a big investment opportunity. People are rapidly moving from traditional modes of investment to crypto due to single-point access provided by crypto exchanges like Binance and WazirX.