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WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
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WazirX Restructuring Plan Rejected By Singapore High Court; Crypto Firm to Appeal Decision
WazirX users affected by the $230 million (roughly Rs. 1,970 crore) hack are set to face further delays before their money is reimbursed. On Wednesday, the Singapore High Court rejected the crypto exchange's restructuring scheme, despite it receiving approval from creditors in April. WazirX requires the court's permission to execute the restructuri...
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WazirX Reimbursement Plan Faces Delay as Singapore Court Extends Existing Moratorium to June 6
WazirX has been directed by the Singapore High Court to complete some more documentation work before giving it the go-ahead to implement its restructuring scheme. For now, the Singapore court has extended its moratorium cover to WazirX and Zettai to 6 June.
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
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WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
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WazirX’s Moratorium Appeal Gets Four Months' Time from Singapore Court, Here’s What it Means
A Singapore court has granted WazirX a four-month moratorium period to complete its financial restructuring. In a press note released by the exchange on Thursday, September 26 it said that this action paves way for a legally binding resolution to restore WazirX’s crypto balances.
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Indian Migrant Workers Used As "Gold Mules" By Singapore Smugglers: Report
Smugglers in Singapore have been approaching Indian migrant workers flying home via Changi Airport to act as 'gold mules' by carrying jewellery in exchange for a fee, according to a media report on Sunday.
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Indian-Origin Jail Warden Fined Rs 83 Lakh For Taking Bribe From Singapore Prisoner
An Indian-origin senior prison warden was convicted on Monday for soliciting bribes of SGD 133,000 (Rs 83,02,930) in exchange for transferring an inmate out of his prison cluster.
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Himanta Biswa Sarma Awarded With Singapore's Top Fellowship
Assam Chief Minister Himanta Biswa Sarma has been awarded the prestigious Lee Kuan Yew Exchange Fellowship for his distinguished contribution to public service, the Chief Minister's Office (CMO) informed through an official statement on Sunday.
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India’s ZebPay Exchange Partners With Singapore’s Taxnodes to Simplify Crypto Tax Filings
ZebPay has signed a deal with Singapore-based Taxnodes that will help its customers with their crypto taxes. Time and again, industry experts have urged India’s crypto community to exercise compliance with the laws in order to make the crypto sector safer.
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ByBit Crypto Exchange to Cut Staff by 30 Percent as Market Slump Sees No End
ByBit crypto exchange has decided on laying-off 30 percent of its workforce amid the ongoing crypto winter. The development was confirmed by ByBit CEO Ben Zhou on Twitter. ByBit, the Singapore-based company ranks eight out of 241 exchanges in terms of trading volume on CoinMarketCap and this is its second round of lay-offs this year.
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Hodlnaut Crypto Lender Under Scanner in Singapore, Being Probed for Fraud
The Commercial Affairs Department (CAD) from Singapore is now probing if Hodlnaut has been indulging in cheating and fraudulent activities. As per the law enforcement authorities, between August and November, several reports had claimed that Hodlnaut and its directors had made ‘false representations’ about the lender’s exposure to a particula...
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Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
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India’s ZebPay Crypto Exchange Is Seeking Licence in Singapore, UAE
ZebPay crypto exchange has applied for an operational licence in Singapore. India’s tax regime over the crypto sector has emerged among the top reasons that pushed the eight-year-old crypto exchange to mull about expanding internationally.
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Singtel Arm Pastel Sells 1.59 Percent Stake in Bharti Airtel for Nearly Rs. 7,300 Crore
Pastel, an entity of Singtel, on Thursday divested 1.59 percent stake in Bharti Airtel for Rs. 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel's promoter Bharti Telecom, as per block deal data with the National Stock Exchange (NSE). According to the data, Pastel offloaded 9,40,00,000 shares, amounting to 1...
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WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
-
WazirX Restructuring Plan Rejected By Singapore High Court; Crypto Firm to Appeal Decision
WazirX users affected by the $230 million (roughly Rs. 1,970 crore) hack are set to face further delays before their money is reimbursed. On Wednesday, the Singapore High Court rejected the crypto exchange's restructuring scheme, despite it receiving approval from creditors in April. WazirX requires the court's permission to execute the restructuri...
-
WazirX Reimbursement Plan Faces Delay as Singapore Court Extends Existing Moratorium to June 6
WazirX has been directed by the Singapore High Court to complete some more documentation work before giving it the go-ahead to implement its restructuring scheme. For now, the Singapore court has extended its moratorium cover to WazirX and Zettai to 6 June.
-
ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
-
WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
-
WazirX’s Moratorium Appeal Gets Four Months' Time from Singapore Court, Here’s What it Means
A Singapore court has granted WazirX a four-month moratorium period to complete its financial restructuring. In a press note released by the exchange on Thursday, September 26 it said that this action paves way for a legally binding resolution to restore WazirX’s crypto balances.
-
Indian Migrant Workers Used As "Gold Mules" By Singapore Smugglers: Report
Smugglers in Singapore have been approaching Indian migrant workers flying home via Changi Airport to act as 'gold mules' by carrying jewellery in exchange for a fee, according to a media report on Sunday.
-
Indian-Origin Jail Warden Fined Rs 83 Lakh For Taking Bribe From Singapore Prisoner
An Indian-origin senior prison warden was convicted on Monday for soliciting bribes of SGD 133,000 (Rs 83,02,930) in exchange for transferring an inmate out of his prison cluster.
-
Himanta Biswa Sarma Awarded With Singapore's Top Fellowship
Assam Chief Minister Himanta Biswa Sarma has been awarded the prestigious Lee Kuan Yew Exchange Fellowship for his distinguished contribution to public service, the Chief Minister's Office (CMO) informed through an official statement on Sunday.
-
India’s ZebPay Exchange Partners With Singapore’s Taxnodes to Simplify Crypto Tax Filings
ZebPay has signed a deal with Singapore-based Taxnodes that will help its customers with their crypto taxes. Time and again, industry experts have urged India’s crypto community to exercise compliance with the laws in order to make the crypto sector safer.
-
ByBit Crypto Exchange to Cut Staff by 30 Percent as Market Slump Sees No End
ByBit crypto exchange has decided on laying-off 30 percent of its workforce amid the ongoing crypto winter. The development was confirmed by ByBit CEO Ben Zhou on Twitter. ByBit, the Singapore-based company ranks eight out of 241 exchanges in terms of trading volume on CoinMarketCap and this is its second round of lay-offs this year.
-
Hodlnaut Crypto Lender Under Scanner in Singapore, Being Probed for Fraud
The Commercial Affairs Department (CAD) from Singapore is now probing if Hodlnaut has been indulging in cheating and fraudulent activities. As per the law enforcement authorities, between August and November, several reports had claimed that Hodlnaut and its directors had made ‘false representations’ about the lender’s exposure to a particula...
-
Coinbase Gains Singapore License Under Payments Services Act, Ahead of Upcoming Crypto Regulation: All Details
Coinbase on Tuesday announced that it had gained approval from the central bank of Singapore, as the crypto exchange received permission to offer its services in the region. The company said it had been building up its presence in Singapore and currently had nearly 100 employees, mostly comprised of product engineers. Singapore plans to roll out ne...
-
India’s ZebPay Crypto Exchange Is Seeking Licence in Singapore, UAE
ZebPay crypto exchange has applied for an operational licence in Singapore. India’s tax regime over the crypto sector has emerged among the top reasons that pushed the eight-year-old crypto exchange to mull about expanding internationally.
-
Singtel Arm Pastel Sells 1.59 Percent Stake in Bharti Airtel for Nearly Rs. 7,300 Crore
Pastel, an entity of Singtel, on Thursday divested 1.59 percent stake in Bharti Airtel for Rs. 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel's promoter Bharti Telecom, as per block deal data with the National Stock Exchange (NSE). According to the data, Pastel offloaded 9,40,00,000 shares, amounting to 1...
