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[Yugocean]

As of June 18, #WazirXCaught is trending on Twitter alleging that cryptocurrency is being misused by WazirX by ignoring Reserve Bank norms on KYC.

On June 11, The Narcotics control Bureau (NCB) sent an email notice to WazirX about a user who was a drug dealer dealing in cryptocurrencies..WazirX clarified that the person concerned is not using their platform. This is what being publicized about, because the matter is still with NCB.

With WazirX I didn't even create an account due to strict KYC, nor is the Reserve Bank recognized any crypto platform, so these allegations sound strange. When I checked, I found that many accounts running the trend of #WazirXCaught are paid tweet promotion accounts,.it was strange too because who will pay them for this? But some other accounts are blaming CoinDCX.

CoinDCX is blamed for funding this trend to show WazirX down in the competition. This has brought these two big crypto platforms to a fight with the competition.

WazirX is owned by Binance, but CoinDCX is owned by Indian crypto magnet. Whatever will happen, the battle of these two is now going to bring cryptocurrency to an interesting juncture in India.

 

[Yugocean]

Since the Govt has put 1% TDS, both CoinDCX and WazirX are becoming ghost town. WazirX was however surviving due to owned by Binance, but now Indian govt taking action against it, Binance CEO CZ is thinking to shutdown WazirX, this will finish the competition between these two once for all.

 

[AudraMiller]

As of June 18, #WazirXCaught is trending on Twitter alleging that cryptocurrency is being misused by WazirX by ignoring Reserve Bank norms on KYC.

On June 11, The Narcotics control Bureau (NCB) sent an email notice to WazirX about a user who was a drug dealer dealing in cryptocurrencies..WazirX clarified that the person concerned is not using their platform. This is what being publicized about, because the matter is still with NCB.

With WazirX I didn't even create an account due to strict KYC, nor is the Reserve Bank recognized any crypto platform, so these allegations sound strange. When I checked, I found that many accounts running the trend of #WazirXCaught are paid tweet promotion accounts,.it was strange too because who will pay them for this? But some other accounts are blaming CoinDCX.

CoinDCX is blamed for funding this trend to show WazirX down in the competition. This has brought these two big crypto platforms to a fight with the competition.

WazirX is owned by Binance, but CoinDCX is owned by Indian crypto magnet. Whatever will happen, the battle of these two is now going to bring cryptocurrency to an interesting juncture in India.

There is a lot of people that will actually choose to use a site that does not need kyc and i think that this is true of a lot of crypto investors because the whole point here is that you can remain anonymous and not have to share any of your personal information and there are only someexchanges that are able to offer these services and security.

 

[Yugocean]

There is a lot of people that will actually choose to use a site that does not need kyc and i think that this is true of a lot of crypto investors because the whole point here is that you can remain anonymous and not have to share any of your personal information and there are only someexchanges that are able to offer these services and security.

I also do not like to give KYC, these platforms only destroy the privacy of crypto. At present, the fight between these two is over, both are now on the verge of closure. Since WazirX belongs to Binance, it will follow CZ's decision, but for CoinDCX, already people have many complaints, so nobody is using it.