Friday, June 11, 2021

WazirX Served Show Cause Notice By Enforcement Directorate for Cryptocurrency Transactions Worth Rs. 2,790 Crore

According to a note by the Enforcement Directorate, WazirX was being used by foreigners to launder gambling proceeds. The ED says that Chinese nationals used the crypto exchange to launder Rs. 57 crore, and noted that users can transfer money without proper documentation.

from Gadgets 360

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