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Binance-Owned WazirX Probed in India for Alleged Money Laundering of Over $350 Million

The Indian Ministry of Finance confirmed on Aug. 2 that crypto exchange WazirX is being investigated for money laundering and flouting forex rules in two cases. Reports quoted the written reply of Pankaj Chaudhary, Minister of State for Finance, in the Parliamentary Upper House that the Directorate of Enforcement is looking into claims that a total of Rs 2,790 crore (over $350 million) was laundered through the cryptocurrency exchange WazirX.
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