ED investigating WazirX for allowing Rs 2,790 crore of remittance to unknown wallets

The government on Tuesday said that the Directorate of Enforcement is investigating two cases related to cryptocurrency against trading exchange WazirX for allowing outward remittance of crypto assets worth ₹2790 crore to unknown wallets.

“A Show Cause Notice (SCN) has been issued under the provisions of FEMA against WaxirX for allowing outward remittance of crypto assets worth ₹2790 Crore to unknown wallets,” minister of state for finance Pankaj Chaudhary said in reply to a question in Rajya Sabha.