New Delhi: The Enforcement Directorate (ED) on Friday said it has issued a show cause notice to the country’s largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA).
...WazirX gets ED notice for exchange of cryptocurrency worth ₹2,790 crore
Mumbai headquartered WazirX is as a domestic crypto currency and bitcoin exchange start-up registered under the company name Zanmai Labs Pvt Ltd that was incorporated in December, 2017.