India reopens WazirX’s bank account

						Array
(
    [conclusion] => Array
        (
            [0] => 
        )

    [post_sponsor_aff_link] => Array
        (
            [0] => 
        )

    [casino_url] => Array
        (
            [0] => 
        )

    [casino_street_address] => Array
        (
            [0] => 
        )

    [casino_post_code] => Array
        (
            [0] => 
        )

    [year_founded] => Array
        (
            [0] => 
        )

    [withdrawal_limit] => Array
        (
            [0] => 
        )

    [reviewrating] => Array
        (
            [0] => 
        )

    [bestrating] => Array
        (
            [0] => 
        )

    [cgn_score] => Array
        (
            [0] => 
        )

    [casino_key_feature_1] => Array
        (
            [0] => 
        )

    [casino_key_feature_2] => Array
        (
            [0] => 
        )

    [casino_key_feature_3] => Array
        (
            [0] => 
        )

    [bonus_text_top] => Array
        (
            [0] => 
        )

    [bonus_text_bottom] => Array
        (
            [0] => 
        )

    [casino_review_reference] => Array
        (
            [0] => 
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_thumbnail_id] => Array
        (
            [0] => 14800
        )

    [ppma_authors_name] => Array
        (
            [0] => Isabella Aslam
        )

)

Updated September 21, 2022 | Published September 12, 2022

2 mins read

India’s Enforcement Directorate (ED) has reopened crypto exchange WazirX’s business bank account.

The agency froze the exchange’s bank account last month in relation to an ongoing investigation into alleged fraud on instant loan apps making short-term loans.

Around 16 fintech companies under investigation used the WazirX platform. “WazirX has been cooperating with the investigators by providing them with all the necessary details, information, and documents of the alleged accused companies who used the WazirX platform”, the exchange wrote.

On August 5, alongside freezing $8.1m in funds held by the exchange, the ED raided WazirX’s director Sameer Mhatre’s properties for allegedly assisting the “16 accused fintech companies in laundering the proceeds of crime using the crypto route”.

However, WazirX claimed it was not involved with the reportedly accused companies and stated it had already identified and blocked the suspicious users after an internal investigation was held in 2020-2021.

You can enjoy recreational use of cryptocurrencies at websites such as 1xBit, Bitcasino and FortuneJack.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
The Ledger: France toughens crypto stance, SEC goes after Coinbase
The Ledger: Crypto criminals face pressure, new regulation rolls in

Similar News

Aiden Pleterski 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 7125
            [name] => Aiden Pleterski
            [slug] => aiden-pleterski
            [term_group] => 0
            [term_taxonomy_id] => 7125
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 3
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 6823
            [name] => crypto scam
            [slug] => crypto-scam
            [term_group] => 0
            [term_taxonomy_id] => 6823
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 14
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 7127
            [name] => crypto-king
            [slug] => crypto-king
            [term_group] => 0
            [term_taxonomy_id] => 7127
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

)

‘Crypto King’ reportedly kidnapped and tortured

27/03/2023|19:00

‘Crypto King’ Adam Pleterski was allegedly kidnapped and tortured following claims that he scammed investors and spent £13m to fund...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1680
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5072
            [name] => G7
            [slug] => g7
            [term_group] => 0
            [term_taxonomy_id] => 5072
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 3
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5044
            [name] => MiCA
            [slug] => mica
            [term_group] => 0
            [term_taxonomy_id] => 5044
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 21
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 1026
            [name] => regulation
            [slug] => regulation
            [term_group] => 0
            [term_taxonomy_id] => 1026
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 666
            [filter] => raw
        )

)

G7 moots tighter crypto restrictions

27/03/2023|18:00

The G7 will discuss adding tighter crypto restrictions to their agenda when they meet in Japan later this year. The...
Animoca Brands 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 6746
            [name] => Animoca Brands
            [slug] => animoca-brands
            [term_group] => 0
            [term_taxonomy_id] => 6746
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 6
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5226
            [name] => metaverse
            [slug] => metaverse
            [term_group] => 0
            [term_taxonomy_id] => 5226
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 84
            [filter] => raw
        )

)

Animoca Brands cuts metaverse fund by 20%

27/03/2023|17:00

Hong Kong-based venture capital firm and blockchain gaming developer Animoca Brands has reportedly cut its metaverse fund by 20%. The...