Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Oxumare on June 11, 2021, 05:27:48 PM
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The Executive Directorate of India sent a notice to WazirX, the country's largest cryptocurrency exchange, on suspicion of violating the Foreign Exchange Management Act (FEMA), demanding legal justification for certain transactions made on the exchange.
This institution has determined that a group of Chinese citizens, whom it is investigating on suspicion of illegal betting, converted the money they invested in the stock market from Indian rupees to USDT, the stablecoin of Tether, and transferred it to Binance in this way.
https://twitter.com/NischalShetty/status/1403282395470520325