Leading Indian cryptocurrency exchange WazirX has received a show cause notice from the Enforcement Directorate for contravention of the FEMA, 1999, for cryptocurrency transactions worth Rs. 2790.74 crore, the enforcement agency shared in a tweet on Friday. The enforcement agency in a press release added that Chinese nationals had used the crypto exchange to launder gambling proceeds worth Rs. 57 crore.
This is a developing story and more details will follow.
For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.
This article was originally published by Ndtv.com. Read the original article here.