ED unfreezes WazirX bank accounts; to resume banking operations soon

WazirX, linked to the world’s largest digital currency exchange, Binance, said that its bank accounts were unfrozen by India’s financial crime-fighting agency after more than a month.

The federal Enforcement Directorate (ED) had launched its investigation last year into the company for suspected violations of foreign exchange regulations and froze its assets worth 646.70 million rupees ($8.16 million).

WazirX said it is now in a position to continue its banking operations as usual.