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.
source https://gadgets.ndtv.com/internet/news/wazirx-show-cause-notice-enforcement-directorate-ed-cryptocurrency-2461528#rss-gadgets-all
source https://gadgets.ndtv.com/internet/news/wazirx-show-cause-notice-enforcement-directorate-ed-cryptocurrency-2461528#rss-gadgets-all
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