India’s Enforcement Directorate Unfreezes Crypto Platform WazirX’s Assets
India’s federal Enforcement Directorate (ED) has now unfrozen crypto exchange WazirX’s assets. Last year, ED undertook an investigation into the crypto platform as it suspected violations of foreign exchange regulations. Following the investigation, the ED froze assets worth $8.16 million, or 646.70 million INR. This is finally good news for WazirX after ED froze the […]
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Crypto exchanges that don’t follow the rules are seriously dealt with by India’s law enforcement authorities. One of the biggest crypto exchanges in India has been raided by agents of the country’s Enforcement Directorate. The raid was due to a money laundering probe to monitor 365 instant loan apps. As per the official report, five […]
India’s Enforcement Directorate (ED) has unfrozen the bank accounts of cryptocurrency exchange Wazirx, the company said. The accounts were frozen as part of the federal agency’s investigation into 16 fintech companies and instant loan apps. Wazirx Says Its Bank Accounts Are Now Unfrozen Indian cryptocurrency exchange Wazirx said Monday that the Enforcement Directorate (ED), the law enforcement and economic intelligence agency of the government of India, has unfrozen its bank accounts. The company explained that the ED has been investigating 16 fintech companies and instant....
A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never completed.” Wazirx, however, maintains that it was acquired by Binance.
ED’s Action Against Wazirx
India’s Directorate of Enforcement (ED) issued a press release Friday concerning Wazirx, a major crypto exchange in India. ED is a law enforcement and economic intelligence....
India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore ($46,439,181). Vauld halted deposits and withdrawals last month. The Indian law enforcement agency is reportedly investigating more than 10 cryptocurrency exchanges.
Indian Authority Freezes Another Cryptocurrency Exchange’s Assets
The Enforcement Directorate (ED), a law enforcement and economic intelligence agency of the government of India, has frozen the assets of another cryptocurrency exchange.
The agency announced Friday....
The Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route." India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud.In a Friday announcement, the Directorate of Enforcement alleged WazirX facilitated transactions by unnamed fintech firms “to purchase crypto assets and then launder them abroad” as part of a....