WazirX accounts storing $8.14M worth of funds frozen by Income Tax Official

India’s Enforcement Directorate has frozen bank accounts of WazirX cryptocurrency exchange which is home to $8.14 million dollars or 64.67 crore rupees. Indian Income Tax team has published a long document on their portal where it says it has done search on one of directors of Zanmai Lab Pvt Ltd, the company behind WazirX crypto exchange

wazirx
Continue reading “WazirX accounts storing $8.14M worth of funds frozen by Income Tax Official”

Kampay listed on CoinField cryptocurrency exchange

KamPay focuses on reducing the number of unbanked citizens in Africa and teaching them channels, tools, and technologies that can improve their financial and personal lives. CoinField cryptocurrency exchange is delighted to announce that KamPay token is now available to trade on CoinField Exchange with the following pairs: KAMPAY/CFC and KAMPAY/USDT.

Kampay CoinField exchange
Continue reading “Kampay listed on CoinField cryptocurrency exchange”

Canadian Bitcoin users will have to provide recipient information to exchanges

Canada will be introducing some changes that will go in effect on April 1st 2022 where you will be required to provide information about the receipt of that transaction and that includes their name and address. This will only apply to those who are transacting more than 1000 CAD, no for small payments you will not have to provide any information. Coinbase and other cryptocurrency exchanges have already sent out messages about it to their users.

coinbase canada
Continue reading “Canadian Bitcoin users will have to provide recipient information to exchanges”

Iran to allow businesses use Bitcoin for International payment settlements

There is a known fact that Iran’s native currency has not been doing well from past few years. This is chiefly due to sanctions imposed on it. Central Bank of Iran has come up with a brilliant idea that will allow local businesses to make use of bitcoin and other cryptocurrencies to settle payments to foreign partners.

iran bitcoin

Continue reading “Iran to allow businesses use Bitcoin for International payment settlements”