Enforcement Directorate issues notice to WazirX over FEMA violations
WazirX issued regulatory notice affecting Enforcement Directorate (India) on June 1, 2021.
- Primary
- WazirX
- Counterparty
- Enforcement Directorate (India)
- Amount
- $372M
- Structure
- regulatory notice
- Date
- June 1, 2021
- Sub-sector
- Crypto / Digital Assets
ED enforcement action signals heightened regulatory scrutiny of crypto exchanges and cross-border crypto transfers in India, raising compliance and operational risk.
Source: india-briefing.com