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WazirX's Bank Accounts got Unfreezed by India’s Financial Crime-Fighting Agency
On August 05, the ED raided properties of WazirX director Sameer Mhatre for allegedly actively assisting “around 16 accused fintech companies in laundering the proceeds of crime using the crypto route.”
ED conducted a thorough investigation against ten crypto exchanges that are being accused of laundering around INR 1 billion.
The present status of the Indian cryptocurrency ecosystem is worsening the already degenerating conditions of the wider crypto market.
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