en
Back to the list

Breaking: Binance May Face Investigation in the $134 Million Money Laundering Case in India

source-logo  coingape.com  + 2 more 30 July 2021 08:50, UTC

Binance crypto exchange’s legal trouble has extended to India now. The world’s largest crypto exchange is under the scanner of the Indian anti-money laundering agency Enforcement Directorate (ED) for its role in the $134 million money laundering case, as per a report in Bloomberg. The ED disclosed a money-laundering racket operated through Chinese betting apps that made use of cryptocurrencies to launder money. WazirX, the Indian crypto exchange acquired by Binance in 2019 was allegedly used for laundering a part of the $134 million.

coingape.com

Similar news (2)
Add similar news