A looming uncertainty hangs over the ownership of one of India’s largest crypto exchanges— WazirX— after a feud broke out between Binance CEO Changpeng Ziao and WazirX’s CEO Nischal Shetty on Twitter. The feud follows on the heels of the Directorate of Enforcement’s (ED) freezing of WazirX’s funds to the tune of Rs. 64.67 crore last week. Why it matters: The lack of clarity over the ownership is likely to make users jittery given the exchange handles crores worth of assets on its platform. The company has come out and assured investors that their funds are safe with them but the clash has dmaaged the reputation of the exchange which is already under pressure from the ED. https://twitter.com/nixxin/status/1555620175621238785 Understanding the dispute: It all began when Ziao said that Binance did not own any equity in Zanmai Labs, the entity which…
- India’s IT Rules: Controversial social media grievance committee proposal to go ahead September 27, 2022
- ‘Absolutist’ GDPR-like Data Protection Approach Not For India: Rajeev Chandrashekhar September 27, 2022
- Indian government blocks 45 videos and 11 channels on YouTube for ‘disrupting public order’ September 27, 2022
- Indian Telecommunication Bill, 2022: Understanding the bill’s impact on TRAI September 27, 2022
- Indian government did not follow Procedure While Issuing Blocking Directions: Twitter to Karnataka HC September 26, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...