ED issues show cause notice to WazirX over specific transactions

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ED issues show cause notice to WazirX over specific transactions

timestampJun 11, 2021 authorAlShorts Web Desk

Indian cryptocurrency exchange WazirX has received a show cause notice from Enforcement Directorate (ED). The notice was issued under FEMA 1999, for specific transactions worth over INR27 billion. As per reports, the notice was issued after it was found that money has been used through the system for Chinese-owned illegal online betting.

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