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Indian exchange, WazirX, had 377 requests from law enforcement agencies in 6 months
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China’s ban on crypto transactions pushed the neighboring India to the fore when it came to populous countries seeing a rise in crypto adoption. Boosted by the relatively cheap cost of data, several Indian crypto exchanges have reported tremendous growth in short periods of time.
For its part, the WazirX crypto exchange published its transparency report covering significant activities between April and September 2021.
Noting its own growth, WazirX reported that it had over 8.5 million users as of 14 October, 2021. Furthermore, since the start of this year, the crypto exchange claimed it saw around $30 billion in trade volumes.
Coming to compliance, WazirX stated that it was compulsory for users to provide their passport, driving license, or
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