Officials of the Enforcement Directorate of India (ED) WazirX Hours after his review on the website, Binance CEO CZ responded to his relationship with WazirX.
After the authorities raided WazirX’s facilities, money laundering announced that the exchange froze bank assets on the allegations. ED officials have released WazirX to instant loan application companies. cryptocurrency accused the unit of assisting in fraudulent transactions through purchases.
CZ Clarifies Binance’s WazirX Acquisition
Binance CEO CZ responded to reports that Binance acquired WazirX in 2019. CZ stated that attempts to buy were made, but the deal never materialized. Binance also announced in a tweet shared today that it does not own any stake in WazirX’s parent company.
“On November 21, 2019, Binance published a blog post about the acquisition of WazirX. However, this process was never completed. Binance has never owned a stake in Zanmai Labs, the entity that operates the exchange in question.
Koinfinans.com As we reported, Binance only provides wallet services as a technology solution. We also have integration using off-chain tx to save on network fees. WazirX is in charge of all other aspects of its exchange, including user registration, KYC, initiating trading and withdrawals.
We follow all developments with concern and continue to cooperate with the authorities. – Binance”
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