India: Binance-acquired WazirX gets show-cause notice claiming it’s ‘safe haven for money laundering’

India: Binance-acquired WazirX gets show-cause notice claiming it’s ‘safe haven for money laundering’

India’s Directorate of Enforcement, on Friday, issued a show-cause notice to Indian crypto-exchange WazirX for violating FEMA guidelines for transactions involving cryptocurrencies worth Rs. 2,790.74 crore ($381,862,278 approx). ED has issued Show Cause Notice to WazirX Crypto-currency Exchange for contravention of FEMA, 1999 for transactions involving crypto-currencies worth Rs. 2790.74 Crore. — ED (@dir_ed) June […]