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Coinspeaker WazirX Announce USDC Delisting, Auto-Converting to BUSD

WazirX, India's largest cryptocurrency exchange by transaction volume, said that it will no longer accept deposits of the stablecoins USDC, USDP, and TUSD and will convert users' existing balances to Binance's USD-backed stablecoin BUSD at a 1:1 ratio. WazirX will start auto-conversion on or before October 5 and may alter the list of stablecoins eligible

WazirX will no longer support the stablecoins USDC, TUSD, and USDP. Instead, it will push for adopting Binance's BUSD.

India's WazirX crypto exchange and metaverse gaming project, The Sandbox, has rolled out a new digital asset campaign aimed at educating users on the workings of The Sandbox Alpha and crypto in general, according to reports on September 19, 2022.

India's largest crypto exchange WazirX has followed Binance in delisting three stablecoins and "auto-converting" user balances to BUSD.

WazirX will automatically convert customer holdings into BUSD in an effort to boost the value of Binance's stablecoin.

Just like Binance, India-based exchange WazirX will implement BUSD auto-conversion for balances of USDC, USDP and TUSD at a 1:1 ratio in October.

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.

Major Indian cryptocurrency exchange WazirX said it has resumed banking operations, stating that the Directorate of Enforcement (ED) unfroze the company's bank accounts.

In a recent blog post, WazirX stated that India's Enforcement Directorate (ED) has unfrozen the exchange's bank accounts.

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.

India's financial watchdog has unfrozen the bank accounts of one of the country's largest cryptocurrency exchanges after it cooperated with investigations. The federal Enforcement Directorate (ED) had been investigating WazirX for violating foreign exchange regulations, during which it froze the exchange's assets worth 646.70 million rupees ($8.16 million) last month.

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.

WazirX is now in a position to continue its banking operations as usual.

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.

Coinspeaker WazirX Announces that India's ED Unfroze Bank Accounts

WazirX announced that it has had its previously-frozen assets released following “active cooperation” with local authorities.

Indian cryptocurrency exchange WazirX announced that its bank accounts had been unfrozen by the ED.

The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds.

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.

Shetty's co-founder for Shardeum is US-based Blockchain architect Omar Syed.