Table of Contents
Namaste Tribe! Here’s a monthly report of what happened at WazirX in June.
What happened last month?
[Done] Enabled Tax Deduction (TDS): As you are aware, as per the recent guidelines issued by the Indian Government, Crypto trades will attract 1% TDS henceforth. These provisions have come into force from 00:00 hrs IST, 1 July 2022. We at WazirX have upgraded our systems to support this mechanism. You can read more about how these provisions will affect you and learn about the steps taken by WazirX here.
[Done] GST Invoice download enabled: Users can now download day-level invoices from 1 April 2022.
[Done] Address book for crypto withdrawals: To ensure that the withdrawal process becomes faster, safer, and hassle-free, we have introduced the much-requested Address Book Feature on Mobile and Web. Users can now save time during the withdrawal process by selecting an address directly from the address book without worrying about entering the address and memo details. You can read more about this feature here.
What are we building?
[Ongoing] AMM Protocol: There have been unforeseen delays in some of the protocols that our DEX is dependent upon. This is preventing us from going live. At this moment, we don’t have an ETA on how long this will take. Be assured that we’re working very hard with the protocol team to expedite the process.
[Ongoing] New tokens: We’ll be listing more tokens on WazirX in the coming weeks. Got any suggestions? Please tweet to us @WazirXIndia.
- The WazirX community is growing everywhere! We reached 30K followers on LinkedIn last month. You can also follow us from here.
- We introduced the WazirX Learn & Earn program. Under this program, participants can improve their blockchain knowledge, try new things, complete quizzes & earn rewards. The first round was on P2P. It started on 21 June 2022 and concluded on 28 June 2022. In this P2P Learn & Earn contest, 500 random users who passed the quiz & completed their first P2P trade won WRX worth ₹200! Read more here.
It has been a highly productive and happening month for us, and we are looking forward to July 2022 with lots of hope and positivity. Do keep supporting us like you always do.
Jai Hind!🇮🇳Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.