Wazirx

ED (Enforcement Directorate) Issued a Notice to WazirX

Bad news for Zanmai Labs Limited (WazirX), as ED(Enforcement Directorate), has issued a show-cause notice to the company and its directors under the FEMA act (Foreign Exchange Management Act). WazirX is a prominent crypto exchange platform and recently collaborated WITH moneycontrol. The exchange platform is found to be involved in Chinese online betting and the investigation is initiated under the FEMA act (Foreign Exchange Management Act).