Namaste Tribe!

We are thrilled to share the latest compliance update with you, highlighting WazirX’s unwavering commitment to maintaining 100% compliance and security while fostering strong relationships with our valued customers.

In May 2023, WazirX continued its diligent efforts to verify user identities on the platform, ensuring a secure trading environment. We partnered with trusted third-party agencies to thoroughly scrutinize the identity details of our users. As a result, we were able to identify and block four users who had submitted fake KYC details, further bolstering the integrity of our platform.

To fortify our ecosystem, WazirX maintained its collaboration with leading third-party forensic tool service providers. This strategic partnership allowed us to proactively create a safe and secure environment for all our users.

We received a total of two hundred and eighty-eight requests from both users and external agencies during this period. Notably, one hundred and fifty-one of these requests were from law enforcement agencies, highlighting our proactive approach in assisting legal authorities. The rest were non-legal in nature.

We take pride in our swift response times, as our average Turnaround Time for addressing requests was an impressive thirty minutes. This prompt and efficient approach underscores our commitment to providing timely resolutions and ensuring a seamless user experience.

Recognizing the prevalence of scams and fraudulent activities on social media platforms, our team actively monitored and flagged suspicious accounts across various channels, including Facebook, Twitter, Instagram, Telegram, YouTube, and other URLs. By raising awareness and promoting engagement with our verified channels on these platforms, we aimed to safeguard the interests of our users and protect them from potential scams.

Thank you for being a part of the WazirX community, and we look forward to continuously delivering exceptional compliance and security measures to ensure a trusted trading experience for all.

For more detailed updates on our products and their enhancements throughout the month of May 2023, we invite you to explore our dedicated blog post here.