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#FOMC Interest Rate Decision is Out! 🚨 🇺🇸 The Federal Reserve has cut interest rates by 25bps. 👉 U.S. Interest Rate: • Previous: 4.75% • Actual: 4.5% • Expected: 4.5% Rates were lowered by the #FED as expected
Are Indian Crypto Exchanges Truly Indian‼️‼️🚨🚨🚨🚨🚨🚨🚨🚨
Many exchanges that originated in India have relocated their headquarters to crypto-friendly jurisdictions: 1.#WazirX :Shifted its headquarters to Dubai. 2.#ZebPay and #Vauld :Moved abroad in 2018. 3.#CoinSwitch Kuber and #CoinDCX :Headquartered in Singapore. 4.#Polygon :A prominent blockchain project, now based in Dubai. 5.#Mudrex :Shifted its base to the US.
Source: @ForbesIndia
forbesindia.com/article/crypto…
While these platforms were founded in India, their operational and legal bases have moved overseas, raising questions about their “Indian” identity.
Exchanges like WazirX, ZebPay, CoinSwitch Kuber, CoinDCX, and others marketed themselves as “Indian” but have moved operations abroad to avoid local regulations.
Funds are stuck, platforms have failed (e.g., Vauld), and users are left unprotected.
They exploited trust, used India’s market to grow, and fled at the first sign of accountability‼️
@WazirXIndia Claimed promoted itself as an Indian Cryptocurrency Exchange, and it should be held accountable under the laws of India! @PMOIndia
The Hindu News also reported, Wazirx “AN INDIAN CRYPTO EXCHANGE” 👇 thehindu.com/sci-tech/techn…