Recently, Binance registered with FIU in India, due to which WazirX users are seeing hope in Binance.

Will Binance acquire WazirX?

     WazirX users are losing patience; many have complained to the police, but the rules related to crypto are limited to paying taxes only, so the police cannot do anything. Therefore, users feel that maybe Binance can help by acquiring WazirX.

Is there any benefit in acquiring WazirX?

     With the registration at FIU, Binance has lost many of its experienced traders and stakeholders (many Indian users have withdrawn their assets and left Binance). BINANCE needs users for business, and by acquiring WazirX, Binance can make WazirX India its customers.

What is the risk in the acquisition of WazirX?

     WazirX users want their money back, and Binance will be compelled to refund it following the acquisition of WazirX. Furthermore, the high tax on crypto activities has made Indian users avoid crypto activities with FIU-registered companies, and WazirX users are unlikely to invest or trade again. As a result, Binance may struggle to profit.