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WazirX Adds New INR Settlement Rails for Faster Withdrawals

CoinTelegraph
WazirX Adds New INR Settlement Rails for Faster Withdrawals

WazirX has introduced additional INR settlement rails intended to reduce withdrawal times during periods of high demand. The exchange says the change is part of ongoing infrastructure work to improve reliability for Indian users. The update does not affect the applicable tax treatment of transactions, which continues to follow existing VDA rules.

Key Takeaways

  1. WazirX added new INR settlement infrastructure.
  2. The goal is faster withdrawals during peak demand.
  3. Existing VDA tax rules are unaffected.
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Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.

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