**WazirX Pushes for Restructuring in Singapore to Resume Crypto Operations**WazirX, India's largest cryptocurrency exchange, is seeking to restructure its operations in Singapore as a way to resume its services after being forced to halt withdrawals due to regulatory pressure.The exchange, which is owned by Binance, has been under fire from Indian authorities in recent months over allegations of money laundering and tax evasion. In August, the Enforcement Directorate (ED) froze WazirX's bank accounts, effectively halting all withdrawals from the platform.In a statement released on Tuesday, WazirX said that it is actively working with the ED to resolve the issue and that it is committed to cooperating fully with the investigation. The exchange also said that it is exploring all possible options to resume its services, including restructuring its operations in Singapore.We believe that Singapore is a well-regulated and supportive jurisdiction for cryptocurrency businesses, WazirX said in the statement. We are confident that we can work with the Singapore authorities to establish a compliant and sustainable operation that will benefit our users and the wider cryptocurrency ecosystem.WazirX's move to Singapore comes as a number of other cryptocurrency exchanges have also sought to establish a presence in the city-state. Singapore has emerged as a hub for cryptocurrency businesses in recent years, thanks to its clear regulatory framework and supportive government policies.If WazirX is successful in restructuring its operations in Singapore, it would be a major boost for the cryptocurrency industry in India. WazirX is one of the most popular cryptocurrency exchanges in the country, and its resumption of services would provide a much-needed boost to the market.However, it is important to note that WazirX's restructuring plans are still in the early stages, and there is no guarantee that the exchange will be successful in obtaining the necessary approvals from the Singapore authorities.