Indian crypto exchange WazirX has reportedly paid over $6.62 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax of $5.43 million (40.5 crore rupees), the interest and a penalty for non-payment.Government officials from the Central GST and Central Excise committee (CGST Mumbai Zone) … [Read more...] about Indian taxman recovers $6.62M from WazirX for evading tax on commission
Wazirx
$2.5T crypto market will not wait for nations to onboard: WazirX CEO
Indian entrepreneur and the CEO of crypto exchange WazirX Nischal Shetty envisions a race between countries to launch their local versions of central bank digital currencies (CBDC) in the coming year. Speaking to Cointelegraph, Shetty said that the year 2022 would be an extension of the ongoing discussions around crypto regulations, exchange-traded funds (ETFs) and the … [Read more...] about $2.5T crypto market will not wait for nations to onboard: WazirX CEO
Prominent Indian bank partners with WazirX to facilitate payments to crypto investors
According to Economic Times, Indian crypto exchange WazirX has opened an account with Kotak Mahindra Bank that will allow the exchange to send and receive payments from investors.With this new collaboration, Kotak Mahindra has become the first Indian bank to embrace the crypto community after suffering through a major payment freeze imposed by high-level banks for almost 8 … [Read more...] about Prominent Indian bank partners with WazirX to facilitate payments to crypto investors
Indian Crypto Exchange WazirX Says Userbase Has Grown Over 10 Times in 2021
Binance-owned Indian crypto exchange WazirX said its userbase has grown by over 10 times to 10 million, this year.WazirX recorded trading volume of over $38 billion YTD, equating to an average month-on-month growth of 44%, the exchange announced on Friday.The company reported growth of 2,648% in user signups from Tier II and Tier III cities - in other words, large cities in the … [Read more...] about Indian Crypto Exchange WazirX Says Userbase Has Grown Over 10 Times in 2021