Crypto Hotshots 2022 🔥♨️

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
  • bitcoinBitcoin(BTC)$27,601.00
  • ethereumEthereum(ETH)$1,761.88
  • tetherTether(USDT)$1.01
  • binancecoinBNB(BNB)$325.76
  • usd-coinUSD Coin(USDC)$1.01
  • rippleXRP(XRP)$0.446107
  • cardanoCardano(ADA)$0.371581
  • dogecoinDogecoin(DOGE)$0.076834
  • staked-etherLido Staked Ether(STETH)$1,758.95
  • matic-networkPolygon(MATIC)$1.12
  • Events
  • Videos
  • Podcast
Voice of CryptoVoice of Crypto
Aa
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
  • Services
  • Know Us
Search
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Follow US
Copyright © 2023 Voice of Crypto. All Rights Reserved
Voice of Crypto > News > Why Did ED Freeze Wazirx Director’s Bank Account?
News

Why Did ED Freeze Wazirx Director’s Bank Account?

Adekunle Joshua
Last updated: 2023/03/14 at 1:26 PM
Adekunle Joshua Published August 8, 2022 March 14, 2023
Share
VOC, Voice of Crypto, ED

The Enforcement Directorate (ED) in India conducted a series of searches at the premises of one of the directors from Zanmai Labs Private Limited, which owns and operates a cryptocurrency exchange platform WazirX. The ED has frozen bank assets worth Rs 64.67 crores as part of the investigation into money laundering activities in India involving digital currencies.

WazirX is a cryptocurrency exchange that allows traders in India to trade Bitcoin, Ethereum, and other major cryptocurrencies.

The Central Agency took action against the WazirX Director for assisting fraudsters by allowing them to use his company as an exchange platform for laundering money through virtual crypto assets.

The Times of India quotes the Enforcement Directorate as saying that loan app firms used cryptocurrency to take money out of the country after they started investigating them. Most transactions are done through Wazir-X, and funds are transferred to Hong Kong.

The Reserve Bank of India has launched an investigation against several Indian financial institutes and their fintech partners for lending practices that violate guidelines.

You Might Also Like

Assesing the Odds of a Bitcoin (BTC) Price Run to $30K

XRP Market Cap Smashes $20B As Ripple vs. SEC Case Stirs News

Dogecoin Whales Make Massive Moves – Where Is DOGE Headed?

3 Things About Crypto you Need to Know Before the FOMC meeting

SVB Collapse Stalls NFT Market Growth

TAGGED: Bitcoin, Crypto Exchange, Ethereum
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article VOC, Voice of Crypto, EU Law SEC Continues to Keep a Close Tab on Binance
Next Article Bitcoin BTC Price VOC Bitcoin Reclaims $24,000 Level, Will BTC Price Continue to Rally?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Subscribe to our Newsletter

Get Newest Articles Instantly!

Ledger
Popular News
Web3 Shorthand
Web3 Shorthand: A Glossary for Crypto Newbies
web3 event London VOC
Networkverse: NFT & Web3 & Metaverse – Open Mic & Networking
Quick-Tips-To-Avoiding-A-Fake-Crypto-Wallet
Quick Tips To Avoiding A Fake Crypto Wallet

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto

Voice Of Crypto hits a beat with almost 15 million users, churning out the best news and content in the Web3, crypto and blockchain space

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

  • Advertise With Us
  • About Us
  • Privacy Policy

Copyright © 2023 Voice of Crypto. All Rights Reserved

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?