WazirX has relocated its headquarters to Dubai due to hefty tax laws. This move highlights the growing concerns within the Indian crypto industry following the implementation of stringent regulations. Specifically, India has issued a 30% crypto tax and 1% tax deductibles on crypto tradings.

The decision to relocate signifies a major shift in the landscape. WazirX moving its headquarters to Dubai is a significant development in the wake of the Indian government imposing a 30 percent crypto tax and 1 percent TDS [Tax Deducted at Source]. This financial burden has undoubtedly prompted companies like WazirX to explore more favorable regulatory environments.

Dubai is increasingly recognized as a hub for Founders and crypto innovation. Nischal Shetty and Siddharth Menon, CEO of WazirX, are said to have relocated their headquarters from India to Dubai. This strategic move positions WazirX within a region that actively encourages and supports the growth of the digital asset market. To put it another way, the dramatic change occurred after WazirX has relocated its headquarters to Dubai due to hefty tax laws. India has issued 30% crypto tax and 1% tax deductibles on crypto tradings.