Singaporean crypto lender Vauld bristles as the Indian Enforcement Directorate (ED) issues a freezing order in connection with an ongoing money laundering case.Read more
On Thursday, reports underlined that the Indian Enforcement Directorate (ED) blocked bank assets worth Rs 370 crore (around $46 million) that belonged to the troubled crypto exchange Vauld.Read more
India’s financial crime-busting agency is now zooming its lens on more than 10 cryptocurrency exchanges in the country for what it believes is illegally moving more than 10 billion rupees ($125 million) offshore.Read more
As reported by local news outlet The Economic Times on Monday, Binance is scheduled to remove off-chain fund transfers with Indian cryptocurrency exchange WazirX on Thursday, although users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between thRead more
Binance CEO Changpeng Zhao has denied that Binance had acquired Indian crypto exchange WazirX. The denial comes after Indian authorities had taken action against the exchange as part of an AML probe.Read more
Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance mentioned that customers who have crypto on WazirX should transfer it to Binance’s platform.
He stated in a Tweet that,
If you have funds on WazirX, you should transfer it to Binance. Simple as that.Read more
Binance founder Changpeng Zhao has denied that the exchange owns any equity in Zanmai Labs, the company behind the Indian crypto exchange WazirX.
Quick thread on Binance and WazirX, and some incorrect reporting.Read more
On August 5, the Enforcement Directorate (ED) froze the bank account of one of the directors of Zanmai Lab Private Ltd, the operator of the Indian cryptocurrency exchange WazirX.
It is reported that bank assets worth Rs 64.
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.Read more
India’s Enforcement Directorate (ED) has ordered the freeze of a WazirX bank account with Rs 64.67 crore (roughly $8.1 million) in connection with a money laundering investigation, IndiaToday reported Aug. 5.Read more
The Indian Ministry of Finance confirmed on Aug. 2 that crypto exchange WazirX is being investigated for money laundering and flouting forex rules in two cases.Read more