India freezes assets of Binance-owned local unit WazirX

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Reuters UK

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). WazirX did not immediately respond to a request seeking comment. 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 p…

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