Namaste Tribe!
We are pleased to share September’s compliance updates with you. You’ll be happy to know that we have continued to maintain our record of 100% compliance with a swift turnaround time to respond to external requests.
We leveraged our third party forensic tools to identify any suspicious transaction and doubled down our efforts on KYC verification for users in order to ensure security on the platform
Swift Response to Requests: We successfully addressed over 214 requests from users and external agencies. Notably, 181 of these requests originated from law enforcement agencies. Our team ensured promptness in responding to the requests achieving an average Turnaround Time of 20 minutes.
Proactive Scam Prevention: We continued to monitor and identify suspicious accounts on prominent social media platforms, including Facebook, Twitter, Instagram, Telegram, and YouTube. We alerted users about accounts that were suspected to be impersonating official WazirX accounts, and reported them.
We are grateful to you for your continued support as part of the WazirX community. As always, we will keep working on our goal to provide you with a seamless trading experience on our platform.
For an overview of product updates throughout the month of September 2023, please take a look at our blog post: https://wazirx.com/blog/month-in-review-september-2023/
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.
