Their departure from India is attributed to transaction volume crashing to a 6-month low at major crypto exchanges due to hostile govt policies.
A news report suggesting that India’s hostile policy towards the digital asset sector is leading to an exodus of crypto-entrepreneurs from the country has said that Nischal Shetty and Siddharth Menon, both co-founders of WazirX, have left India along with their families for Dubai. Shetty and Menon are CEO and COO at WazirX, respectively.
Although there is no official confirmation or denial of these rumors, WazirX has addressed the media query in this regard with a statement that says the company is a remote-first and its executives can work from anywhere, the news“We are a remote-first organisation with employees from over 70+ locations. This gives all the company employees the option to work from anywhere, subject to their comfort and convenience unless they are required to travel officially.
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