India’s financial crime-fighting agency has reportedly frozen the assets of Binance-owned crypto exchange WazirX. #togrp7

MUMBAI (Reuters) – India’s financial crime-fighting agency said on Friday that it has frozen the assets of WazirX, owned by the world’s largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations. The federal Enforcement Directorate (ED) said that it froze assets worth 646.70 million rupees ($8.16 million). The agency said its action related to the investigation into the crypto exchange’s suspected role in assisting instant loan app companies in laundering the proceeds of crime by converting it into cryptocurrencies on its platform.#togrp7

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