• Indian Authorites freezes Assets of Crypto Lender Vauld

    Indian Authorites freezes Assets of Crypto Lender Vauld0

    The assets of the cryptocurrency exchange Vauld have been frozen by India’s Enforcement Directorate (ED). In a latest move, linked to investigation into China-linked instant loan companies, Indian Enforcement Directorate, has frozen the accounts of Financial Service company Yellow Tune Technologies. After determining that Yellow Tune was a shell company formed by two Chinese nationals

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  • Twitter war between Binance and WazirX after ED probe

    Twitter war between Binance and WazirX after ED probe0

    ED probe into the WazirX seems to have opened the can of worms and it doesn’t seem to be ending soon. Binance CEO Changpeng Zhao, famously known as CZ has denied owning any equity in Crypto firm WazirX. In a series of threads on Twitter, CZ clarified that Binance does not own any equity in

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  • Enforcement Directorate (ED) freezes WazirX’s assets worth Rs 64.67 crores

    Enforcement Directorate (ED) freezes WazirX’s assets worth Rs 64.67 crores0

    The action by ED comes after a money laundering probe. Enforcement Directorate conducted searches in relation to a case where a cryptocurrency exchange platform WazirX allegedly helped organisations that provide rapid loan apps by buying and selling virtual crypto assets to launder money. In a statement issued on Twitter, “ED searches the Director of WazirX

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  • WazirX receives ED notice.

    WazirX receives ED notice.0

    The ED issued a show-cause notice to WazirX crypto exchange for its alleged violation of the foreign exchange management act. However, the ED gave the notice in connection with the transactions involving cryptocurrencies worth Rs.2,790.74 crore. Nischal Shetty Nischal Shetty is the CEO of WazirX. He assured the clients of their funds. He said that

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