According to Binance, the Indian crypto exchange Wazirx can no longer use its wallet services-Exchanges
According to Binance, the Indian crypto exchange Wazirx can no longer use its wallet services-Exchanges
Binance has announced that the Indian crypto exchange Wazirx can no longer use Binance Wallet services. Zanmai, the operator of Wazirx, must "remove the funds from the accounts they used for the Wazirx operations" by February 3. The step was followed by a public dispute about the relationship between Binance and Wazirx.
Binance ends Wallet services for Wazirx
The Cryptocurrency Exchange Binance said on Friday that the Indian crypto tour Wazirx "can no longer use Binance wallet services".
With indication that "it has no control over the funds of the Wazirx users or any aspects of operating the Wazirx exchange," said Binance:
We have provided the operator of the stock exchange, Zanmai Labs (Zanmai), to be pockets and associated technology services- a service that we end.
While Zanmai has intended to withdraw funds from the corresponding accounts, Binance found that the Indian company did not completely deduct at the time of its announcement "assets from the Bony Wallets used for the operation of Wazirx".
The public dispute between Binance and Wazirx
The end of the Wallet services from Binance to Zanmai followed a public debate between Binance and Wazirx regarding the type of relationship between the two cryptocurrency trading platforms.
"Zanmai has set a number of misleading claims in connection with the alleged role of Binance and the responsibility for the operation of the Wazirx exchange," said Binance and stated:
The wrong and misleading narrative that was presented to the public incorrectly represented Binance as if it were keeping control of the assets, user activities and the operation of the platform of Wazirx users.
under emphasis that Zanmai only offered a technical solution for her operation of the Wazirx exchange ", Binance said that the Indian company offered the choice on January 26 to either" withdraw the wrong public explanations). To use our services) or end the use of our wallet service. " Binance continued:
Since Zanmai refused to clarify her misleading statements, Zanmai has time until February 3, 2023 (23:59 UTC) to remove the funds from the accounts they used for the operations of Wazirx.
Binance-CEO Changpeng Zhao (CZ) recently said that India was Regulatory attitude of the country, including a strong Tax framework . The crypto exchange has actively expanded its activities worldwide. Now invited Japanese exchange invested.
What do you think that Binance ends his wallet services for the Indian crypto exchange Wazirx? Let us know in the comment area below.
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