The Singapore High Court (HC) granted permission to WazirX, an Indian crypto currency exchange, to present an amended debt resolution scheme to its creditors. The exchange had previously presented a scheme to its creditors in April this year and won overwhelming approval. However, the scheme was rejected by the Singapore HC in June following regulations from the nation’s central bank that regulated cryptocurrency companies.
If WazirX’s amended scheme is approved by its creditors and later sanctioned by the Court, it could allow the…
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