Is wazirx being investigated for money laundering?

WazirX is being investigated for money laundering. NEW DELHI: India’s largest cryptocurrency platform has been in the news all of this week after the Enforcement Directorete revealed that it conducted searches on one of the directors of Zanmai Labs, which owns WazirX, and issued an order to freeze bank balances totalling Rs 64.67 crore.

Is wazirx an Indian exchange?

"Earlier, their Managing Director Nischal Shetty had claimed that WazirX is an Indian Exchange which controls all the crypto-crypto & inr-crypto transactions and only has an IP & preferential agreement with Binance.

Is wazirx owned by Binance?

WazirX is a cryptocurrency exchange that is owned by Binance, the world’slargest bitcoin exchange in terms of trading volumes. Binance was founded in theyear 2017 and has its headquarters located in the Cayman Islands. WazirX is anIndian based cryptocurrency that was later acquired by Binance. T…

Who are Wazir X Nischal Shetty and Sameer Mhatre?

Published: 12th June 2021 10:46 AM | Last Updated: 12th June 2021 10:46 AM | A+ A A- India’s largest cryptocurrency exchange, Wazir X Nischal Shetty and Sameer Mhatre on Friday for contravention of FEMA (Foreign Exchange Management Act), 1999 involving cryptocurrency transactions worth Rs 2,790.74 crore.