ED allows WazirX to resume banking operations

In a relief to Indian crypto exchange WazirX, the Enforcement Directorate (ED) unfroze its bank accounts.

WazirX communicated in a blog post on Monday that it is now in a position to continue banking operations as usual, over a month after the ED froze its bank accounts to inspect money laundering cases. WazirX said it has cooperated with investigators by providing all necessary details, information, and documents of the accused companies who used its platform.

The ED is investigating 16 fintech companies and instant loan apps, including WazirX.