
WazirX CEO advises withdrawals amid ownership dispute and hack aftermath
Nischal Shetty advises users to withdraw INR amid ownership dispute and recent $235 million hack.
Insights on policy shifts, CBDC pilots, mining trends, and the broader impact on global crypto markets.
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Nischal Shetty advises users to withdraw INR amid ownership dispute and recent $235 million hack.

The authorities conducted the raid, in which no arrests were made, after receiving several complaints of frequent power outages in the area.

The exchange will allow users to withdraw up to 66% of their INR balances in two phases starting Aug 26.

The phased withdrawal plan will allow users to access up to 66% of their Indian rupee (INR) balances, and it will roll out in two stages.

The firm stated that the planned stablecoin would have a phased launch and play an integral role in its digital economy project.

The authorities said the move reflects their efforts to safeguard Chinese citizens from illegal investment schemes.

Sources familiar with the matter said the first step of the plan is to release a consultation paper in the coming weeks that will invite feedback from stakeholders.

Stablecoins have become essential for financial transactions, especially in regions where local currencies remain unstable or where access to traditional US dollars remains limited.

Metaplanet's total Bitcoin holdings have risen to more than 360 BTC.




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