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WazirX slams external forces for delaying restructuring efforts

This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests.

Indian crypto exchange WazirX has criticized external forces that it claims are deliberately hindering its recovery efforts.

The criticism came after the exchange announced a comprehensive restructuring plan designed to restore financial stability and enhance the security of its users’ assets. 

In the public statement on X, WazirX criticized unnamed external parties for allegedly attempting to prolong the restructuring process. The exchange claimed that the entities are motivated by a desire to maintain uncertainty and complicate the resolution WazirX has been striving to achieve since it was hacked. 

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Russia Cautious on Tokenizing Real-World Assets

Nigerian official advocates blockchain, AI against illicit financial flows

The financial watchdog chair said that if recovered, the funds could significantly enhance infrastructure, healthcare and education across the continent.

The chairman of Nigeria’s Economic and Financial Crimes Commission, Olanipekun Olukoyede, has highlighted blockchain technology and artificial intelligence (AI) as tools to address illicit financial flows (IFFs) in Africa. 

According to local media, Olukoyede highlighted the $88.6 billion lost annually in African countries due to IFFs at the Pan-African Conference on Illicit Financial Flows and Taxation.

The conference is the premier annual forum of the African Union. It brings together stakeholders across Africa to discuss IFFs and taxation. This conference facilitates sharing insights, strategies and best practices to address the challenge of IFFs.

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Russia Cautious on Tokenizing Real-World Assets