**WazirX, one of India's leading cryptocurrency exchanges, is actively pursuing a restructuring of its operations in Singapore as a strategic move to resume its crypto-related services.**The exchange's decision stems from the recent freezing of its bank accounts by the Enforcement Directorate (ED), a law enforcement agency in India responsible for investigating financial crimes. This action has significantly impacted WazirX's ability to facilitate crypto transactions and provide services to its users.In response to this challenge, WazirX is exploring the establishment of a new entity in Singapore, a renowned hub for fintech and cryptocurrency businesses. This restructuring aims to create a clear separation between WazirX's operations in India and Singapore, potentially allowing the exchange to resume its services without being subject to the ongoing investigation by the ED.The move to Singapore is seen as a pragmatic solution for WazirX, given the country's progressive stance towards cryptocurrency regulation and its supportive ecosystem for blockchain companies. Singapore has implemented a robust regulatory framework for digital assets, providing clarity and certainty for businesses operating in the sector.WazirX's restructuring efforts are still in their early stages, and the timeline for the completion of the process remains uncertain. However, the exchange has expressed its commitment to working closely with the relevant authorities in Singapore to ensure compliance with all applicable laws and regulations.The restructuring of WazirX in Singapore is a significant development in the Indian cryptocurrency landscape. It reflects the growing importance of international collaboration and regulatory clarity in the rapidly evolving digital asset industry. As WazirX navigates this challenging period, its ability to successfully restructure its operations in Singapore will be closely watched by industry participants and investors alike.