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India’s WazirX to Launch Decentralised Crypto Exchange: ET

India’s largest cryptocurrency exchange by volume, WazirX, is preparing to launch a decentralised exchange next month, cofounder Nischal Shetty told India’s Economic Times.

A decentralised exchange operates without an intermediary to clear transactions, the report said. WazirX has been in the crosshairs of Indian regulators, which in June asked the exchange to explain why certain transactions didn’t violate foreign exchange rules, the report added.  Full story: The Economic Times.

Indrajit Basu

Indrajit Basu is an India-based correspondent for Asia Financial and wears two hats: journalist and researcher (equity). Before joining AF he reported on business, finance, technology, wealth management, and current affairs for China Daily, SCMP, UPI, India Today Group, Indian Express Group, and many more. He is also an award-winning researcher. If he didn't have to pay bills, he would be a wanderer.


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