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WazirX to launch decentralised exchange next month


WazirX to launch decentralised exchange next month
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ETtech
WazirX cofounder Nischal Shetty
India’s largest cryptocurrency exchange by volume, WazirX, is on an advanced stage to launch a decentralised exchange of its own, cofounder Nischal Shetty said.
Unlike a centralised setup, where an exchange is the custodian of a customer’s cryptocurrency and controls who can or cannot open an account on it, a decentralised exchange operates without an intermediary organisation for clearing transactions. The trades are executed on self-executing smart contracts.
It is like building software where peer-to-peer crypto trades can be facilitated, Shetty told ET.
The decentralised exchange is currently undergoing tests and will be launched next month. ....

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IT Rules, 2021 and News: The Impact on Investment and Operations of Independent Media


Key takeaways
Investors are waiting and watching, as they weigh in on whether investing into the media space is worth the trouble or not
The Intermediary Rules are going to be of concern to editors because it will impact the way reporters are actually reporting news due to the vagueness of the terms in what can be construed as a violation of the Digital Media Ethics Code
The oversight mechanism of the grievance redressal system is not free from the executive’s influence and hence is not an independent authority
As per the scheme of the grievance redressal, the government can pass ....

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