Singapore Rejects WazirX Restructuring Proposal

This is a Singapore news story, published by CoinGape, that relates primarily to WazIRX news.

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new company Zensui

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Exclusive: Rejected by Singapore Court, WazirX takes overnight flight to Panama

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Singapore High Court rejects WazirX restructuring proposal for restructuring scheme.

Singapore Court on Wednesday rejected the exchange management’s proposal for a restructuring scheme, citing “lack of transparency” from parent entity Zettai Pte Ltd that represented the petition.

The Singapore government recently passed an order making it mandatory for companies catering crypto services to foreign clients to register themselves.

WazIRX has now claimed to the Singapore Court that they are shifting base to Panama under a new company name Zensui ’. The full written order expected to be published in the next 3-4 days .

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