The cryptocurrency space, Binance has publicly responded to claims made by WazirX regarding control over operations and assets. The latest exchange between the two companies highlights ongoing tensions and varying narratives in the wake of regulatory scrutiny facing cryptocurrency exchanges globally.
WazirX, an Indian exchange acquired by Binance in 2019, recently asserted that it has maintained operational independence despite Binanceâs initial claims of oversight. This has raised questions about the actual degree of control each party holds, particularly following legal challenges and investigations that have affected both entities.
In its response, Binance reiterated its commitment to transparency and compliance with regulatory standards. The exchange emphasized that it operates on a decentralized model where local exchanges, like WazirX, manage their own operations. Binance's statement also mentioned ongoing efforts to support WazirX amidst a challenging regulatory$BTC
