Off-chain transactions cannot be done without giving KYC: WazirX
There seems to be a major misunderstanding about off-chain transactions between WazirX and Binance, the Indian crypto exchange said
A day after crypto exchange Binance halted off-chain transactions from Indian exchange WazirX, the Indian entity is now claiming that such transactions cannot happen without know-your-customer (KYC) details being submitted to it. In a statement, Zanmai Labs Pvt. Ltd., which runs WazirX in India, also said that it has cooperated with the ED “for several days" and responded to its queries transparently.