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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2022\/08\/06\/binance-says-it-doesnt-own-indian-exchange-wazirx-years-after-acquisition-announcement\/<\/a><\/br> Binance, the world\u2019s largest crypto exchange by trading volume, said on Friday it doesn\u2019t own India-based platform WazirX despite disclosing the acquisition two and a half years ago in a move that has baffled industry players, including the Indian firm that insists the purchase did take place.<\/p>\n Changpeng Zhao, founder and chief executive of Binance, said in a series of tweets<\/a> that the company has been \u201ctrying to conclude the deal for the past few years,\u201d but hasn\u2019t completed the transaction yet citing \u201ca few issues\u201d that he declined to elaborate.<\/p>\n Binance announced the acquisition of WazirX in late 2019 in a blog post<\/a>. The official blog post, which carried a picture of Zhao and WazirX founders, also featured the Binance executive\u2019s enthusiasm about the deal.<\/p>\n \u201cThe acquisition of WazirX shows our commitment and dedication to the Indian people and strengthen the blockchain ecosystem in India as well as another step forward in achieving the freedom of money,\u201d the 2019 post cited him as saying.<\/p>\n WazirX also reported that it had been \u201csuccessfully acquired by Binance<\/a>\u201d in a separate blog post.<\/p>\n
\nBinance and WazirX disagree over ownership two years after announcing deal<\/br>
\n2023-01-20 22:22:50<\/br><\/p>\n