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Show cause notice issued to WazirX by ED, for crypto transactions worth ₹2,790 Cr

The Enforcement Directorate (ED) on Friday issued a show cause notice to the WazirX crypto-currency exchange for violating the FEMA (Foreign Exchange Management Act), 1999 for cryptocurrency-related transactions worth around Rs 2,790 crore.

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The Enforcement Directorate (ED) on Friday issued a show cause notice to the WazirX crypto-currency exchange for violating the FEMA (Foreign Exchange Management Act), 1999 for cryptocurrency-related transactions worth around Rs 2,790 crore.

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