Binance Accuquired Indian Exchange Wazirx
Binance Accuquired Indian Exchange Wazirx

Worlds Largest Cryptocurrency Exchange Binance Recently Bought Indian Major crypto Exchange Warizx

Binance sees it as a opening to conquer the indian market worth over $2 billion or more estimated

Although the laws and regulations of india are not that so friendly throughts bitcoin and other major cryptocurrency still binance hopes its will be fully legalized soon

last year 2018, Reserve bank of India and central bank of india declared to close all the relationship with crypto and virtual backed companies and closed the accounts

Recently the Indian regulatory Commission eased the pressured the softened their tones throughts bitcoin and crypto

After all the drama its seems that India might regulate and legalize cryptocurrency in the country soon

This gave binance the option to capture the indian market by accuquring most famous exchange of india warzirx allowing to deposit and withdraw in local currency indian rupee

In 2020, Binance will work together with wazirx to match peer to peer escrow based trading system along with spot trading seting USDT and INR as the middle currency

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