Crypto-Currency Exchange: ED issues Show Cause Notice to WazirX and its Directors

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Crypto-Currency Exchange: ED issues showcause notice to WazirX and its directors

It was found that the WazirX Clients could transfer 'valuable' crypto-currencies to any person irrespective of its location and nationality without any proper documentation whatsoever, making it a safe haven for users looking for money laundering/ other illegitimate activities.