17.6 C
New York
Tuesday, June 22, 2021
No menu items!
Home Gadgets Crypto Exchange WazirX Gets Show Cause Notice From Enforcement Directorate

Crypto Exchange WazirX Gets Show Cause Notice From Enforcement Directorate


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 [email protected] or get in touch on Twitter through his handle @gopalsathe with tips.
More

Flying Taxis Could Poach Passengers From Planes, Avolon Says

Related Stories





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

How farmers and scientists strive for more flavour

By manipulating genes scientists say they can create better-tasting produce, but is it necessary? Source link

Political trolling ‘twice as popular as positivity’

Political social-media posts are twice as likely to go viral if they are negative, a study suggests. Source link

The Inequality of the GoFundMe Economy

This article is part of the On Tech newsletter. You can sign up here to receive it weekdays.Turning to the internet for financial...

Google Executives See Cracks in Their Company’s Success

OAKLAND, Calif. — The seeds of a company’s downfall, it is often said in the business world, are sown when everything is going...

Recent Comments