Crypto trade WazirX has responded to reviews claiming its co-founders had been transferring to Dubai with their households in view of excessive crypto tax and regulatory uncertainties in India, saying it’s enterprise as normal on the agency.
Responding to the reviews, the main crypto trade of India stated it’s a remote-first organisation with headquarters in Mumbai and workers are free to work from wherever. The trade additionally stated it’s constructing for India and throughout the nation.
“We are a remote-first organisation with employees from over 70+ locations. This gives all the company employees the option to work from anywhere, subject to their comfort and convenience unless they are required to travel officially. WazirX is headquartered in Mumbai, and there is no change in any of our operating procedures. It is business as usual,” WazirX stated in an official assertion.
On Tuesday, some media reviews claimed that WazirX co-founders Nischal Shetty and Siddharth Menon had shifted base to Dubai with their households.
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Meanwhile, Menon introduced on Tuesday that their group had been engaged on a “very important” app characteristic which can go dwell quickly. He stated the characteristic is at the moment underneath testing and customers would like it.
WazirX on Tuesday additionally made Highstreet (HIGH) token deposits dwell on the platform. Users can deposit HIGH for zero payment through Binance.
As per CoinMarketCap, WazirX is forty fifth greatest international crypto trade and largest trade in India.
Crypto exchanges in India have been going through a shadow ban with banking companions withdrawing assist for INR deposits. Quite a lot of exchanges have briefly stopped INR deposits through UPI and different banking channels.
Source: www.financialexpress.com”