Freeze on WazirX lifted

Cryptocurrency platform WazirX on Monday said that the Enforcement Directorate has lifted the freeze on its bank accounts, imposed in connection with money laundering investigations of a number of NBFC companies and their fintech partners.

“Due to the active cooperation extended by WazirX and active anti-money laundering (AML) checks that led to the blocking of suspicious accounts, ED has unfrozen the bank accounts of WazirX,” the crypto platform said in a statement.

“WazirX is now in a position to continue its banking operations as usual,” the statement said.