Internet

WazirX Served Show Cause Notice By Enforcement Directorate for Cryptocurrency Transactions Worth Rs. 2,790 Crore

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.


Gopal Sathe is the Editor of Gadgets 360. He has covered technology for 15 years. He has written about data use and privacy, and its use in politics. He has also written extensively about the latest devices, video games, and startups in India. Write to gopal@ndtv.com or get in touch on Twitter through his handle @gopalsathe with tips.
More

Flying Taxis Could Poach Passengers From Planes, Avolon Says

Related Stories

Articles You May Like

Elden Ring Shadow of the Erdtree Gets New Story Trailer, Teases History of the Realm of Shadow
Moroccan Cybercrime Group Steals Up to $100K Daily Through Gift Card Fraud
Instagram Users May Soon Get Early Access to Experimental Features: Report
Samsung Galaxy Ring Delivery Process Revealed in New Leak: How it Might Work
Chinese EV makers continue aggressive push into Europe under growing threat of tariffs