WazirX – A Crypto Exchange Investing in Security Developing in the Indian Market

The crypto industry is growing rapidly in India, with new companies like WazirX entering the market. WazirX is a P2P exchange that allows users to buy and sell cryptocurrencies without going through a third party.  This review will analyze how WazirX is currently leading the way in the Indian crypto market growth. What Is WazirX? WazirX is a crypto exchange allowing users to trade cryptocurrencies. It also allows users to store their cryptocurrencies in the WazirX wallet. WazirX’s concept came…

Crypto Community Relieved after RBI Clarifies Crypto Trading Isn’t Prohibited

The cryptocurrency investment community was relieved late on Monday after the Reserve Bank of India told banks not to cite a 2018 central bank circular as a reason to set back crypto trades.  The 2018 note had forbidden banks from facilitating such transactions but has since been abolished by the Supreme Court. The regulatory body said that banks must continue with other routine due diligence measures on the deals. The RBI order comes after local media reports that financial firms,…

WazirX and Binance to Set Up a $50 Million Fund to Nurture India’s Crypto Startups

Recently, Binance and WazirX joined forces to set up a $50 million token fund to encourage the growth of Indian startups. The announcement noted that Binance’s native tokens, BNB, BUSD, and WazirX’s WRX token are backing the fund.  The fund is known as Blockchain for India and will make investments in equity and tokens, ranging from $100,000 to $5 million. It will also provide mentorship and support to universities and student organizations, interested in establishing university blockchain technology incubators. The…