WazirX founder's blockchain project Shardeum raises $18 million

WazirX founder's blockchain project Shardeum closes $18 million seed round, raising funds from over 50 investors including Spartan Group and Big Brain Holdings. The post WazirX founder's blockchain project Shardeum raises $18 million appeared first on The Block.

Timeline of Wazirx

The layoffs come nearly two months after Indian authorities began investigating WazirX for alleged money laundering.  The post Indian crypto exchange WazirX confirms layoffs: CoinDesk appeared first on The Block.

Popular Indian crypto exchange WazirX has announced that it will initiate an auto conversion of all existing balances of the second largest stablecoin USDC, Pax Dollar (USDP), and True USD (TUSD).

Indian cryptocurrency exchange WazirX on Monday said that India's Enforcement Directorate (ED) has unfrozen its bank accounts after the exchange's “active cooperation” and “active anti-money laundering” checks led to blocking suspicious accounts. India's ED last month froze the accounts of the cryptocurrency exchange WazirX as part of a money laundering investigation.

WazirX's bank accounts were unfrozen by India's agency for combating financial crime, according to the cryptocurrency exchange. One of the biggest cryptocurrency exchanges in India by trading volume, WazirX, claimed in a statement that the Enforcement Directorate cleared its funds as a result of its active participation in the current money laundering probe.

India's Enforcement Directorate (ED) has unfrozen the bank accounts of cryptocurrency exchange Wazirx, the company said. The accounts were frozen as part of the federal agency's investigation into 16 fintech companies and instant loan apps.

India's federal Enforcement Directorate (ED) has now unfrozen crypto exchange WazirX's assets. Last year, ED undertook an investigation into the crypto platform as it suspected violations of foreign exchange regulations.

Indian cryptocurrency trading platform WazirX revealed today that the Enforcement Directorate (ED) has unfrozen its bank accounts after its investigation. It is after nearly a month that the exchange would be assuming its banking operations.

India-based cryptocurrency exchange WazirX has announced that the country's anti-money laundering (AML) watchdog has “unfrozen” the crypto platform's accounts. An update the crypto exchange published on Monday, undoubtedly the latest positive crypto news from India, noted that the Enforcement Directorate (ED) had taken the step following active cooperation from the WazirX team.

WazirX, one of the largest Indian crypto exchanges on Monday announced that they had received relief from the Enforcement Directorate (ED). After cooperating with the anti money laundering agency, crypto exchange bank accounts have been unfrozen.

WazirX, owned by the world's largest digital currency exchange Binance, said on Monday that India's financial crime-fighting agency has unfrozen the bank accounts of the unit after more than a month in a case involving suspected violation of foreign exchange regulations.