Home Crypto News Assertion on behalf of Zanmai Labs Pvt. Ltd – WazirX Weblog

Assertion on behalf of Zanmai Labs Pvt. Ltd – WazirX Weblog

by Cryptoroz


WazirX is a platform co-operated by Zanmai Labs Pvt. Ltd. (Zanmai Labs) and Binance. Zanmai Labs has a no-tolerance coverage in the direction of any unlawful actions utilizing WazirX. Customers agree within the Consumer Settlement to make use of WazirX in accordance with relevant legislation. Customers are signed up on WazirX solely after they full the KYC course of, together with submitting proof of deal with and id. Our KYC/AML phrases and processes can be found on the platform publicly. For each transaction, we’re capable of produce the KYC particulars of the related consumer. We don’t settle for any money transactions. We’ve got absolutely cooperated with the Enforcement Directorate (ED) for a number of days and have responded to all their queries absolutely and transparently. ED seems to be investigating the transactions of sure customers and Zanmai Labs has no affiliation to such customers and is unaware in regards to the goal of their transactions. Zanmai Labs is within the place of another middleman whose platform might have been misused.

Secondly, there appears to be a serious misunderstanding about off-chain transactions between WazirX and Binance. Off-chain transactions between WazirX and Binance can solely be carried out by a consumer between his/her/its personal account on the 2 platforms. Therefore, KYC particulars can be found for all off-chain transfers as nicely [and have been submitted to the ED when requested]. Off-chain withdrawals additionally can not occur if the accounts usually are not KYCed. Regulation Enforcement Companies (LEAs) can get full details about the accounts concerned in off-chain transfers.

Zanmai Labs has at all times cooperated fully with LEAs and offered full and full info and shall proceed to take action.

Disclaimer: Cryptocurrency isn’t a authorized tender and is at the moment unregulated. Kindly be sure that you undertake enough threat evaluation when buying and selling cryptocurrencies as they’re typically topic to excessive worth volatility. The knowledge offered on this part does not signify any funding recommendation or WazirX’s official place. WazirX reserves the appropriate in its sole discretion to amend or change this weblog submit at any time and for any causes with out prior discover.


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