Due to the active cooperation extended by the crypto exchange WazirX and active anti-money laundering (AML) checks that led to the blocking of suspicious accounts, ED has unfrozen the bank accounts of WazirX
Indian crypto exchange WazirX, which has been under investigation by the Enforcement Directorate (ED), today announced its bank accounts have been unfrozen.
WazirX is now in a position to continue its banking operations as usual, it added.
The company further clarified that it has no association with any of the alleged accused fintech and instant loan app entities, which appear to be the subject of ED investigation, and is carrying out the KYC/AML checks despite having no legal obligation to do so.
“Due to the active cooperation extended by the crypto exchange WazirX and active anti-money laundering (AML) checks that led to the blocking of suspicious accounts, ED has unfrozen the bank accounts of WazirX,” read the statement, as per reported by YourStory.
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