Navigating Regulatory Storms: WazirX VP Menon on India’s Crypto Landscape and Global Guidelines

“Rajagopal Menon, VP of WazirX, discusses India’s crypto regulation journey from suspicion to acceptance, stimulated by public campaigns and talks with policymakers. Despite taxing complications, WazirX is committed to user protection and education, striving for regulations reflecting India’s diverse consumer base while maintaining global standards.”

Indian Crypto Woes: Waiting, Losing Traders, and Fumbling with Tax Rules

“The Indian crypto industry faces a long wait for a softer crypto tax structure due to a 1% Tax Deducted at Source (TDS) on crypto deals enforced by authorities. This tax led to reduced trading volumes, pushing investors to foreign platforms. Despite lack of formal discourse with legislative players, WazirX CEO, Nischal Shetty, remains optimistic about India moving towards more crypto-friendly policy.”

Binance Moves 18 Tokens to Innovation Zone: Striking Balance Between Embracing Innovation and Market Stability

Binance plans to move 18 tokens, including AirDAO, BitShares, and OMG Network, into its Innovation Zone due to their higher volatility and risk factors. CEO Changpeng Zhao adds an intermediate step to the listing process, providing struggling tokens a chance to improve before facing potential delisting. This approach aims to balance embracing innovation with maintaining market stability.