Indian Watchdog Investigates WazirX, Robinhood Fined $30 Million, ETH Up By 1% – crypto.news - BitcoinEthereumNews.com
crypto EthereumInimbestigahan ng Indian Watchdog ang WazirX, Pinagmulta ng Robinhood ng $30 Milyon, Tumaas ng 1% ang ETH – crypto.news08 / 04 / 2022Balita ng Ethereum ng Bitcoin India‘s Enforcement Directorate is investigating the crypto exchange firm, WazirX for breaking regulations. Meanwhile, the Robinhood exchange has received a fine of $30 million from New York’s financial watchdog. Also, Ethereum has increased by 1% in the last 24 hours. WazirX Accused Of Money Laundering In India According to India‘s Minister of State for Finance, Pankaj Chaudhary, the country’s ED (Directorate of Enforcement), is investigating WazirX Exchange. The regulatory authority is investigating the exchange under the Foreign Exchange Management Act, 1999 (FEMA). The agency is investigating the firm in two cases. The first case investigation unveiled that an Indian exchange platform, WazirX, was using Binance exchange infrastructure. Meanwhile, Zanmai Labs is the company operating the WazirX platform. Additionally, Chaudhary stated that the cryptocurrency transactions between both exchanges were not recorded. The total transaction is worth over Rs 2,790 crore, about $350 million. In the second case, the agency investigates WazirX for flouting forex regulations. New Yorks DFS Impose $30 Million Fine On Robinhood Exchange Adriene Harris, the Superintendent of New Yorks DFS (the Department of Financial Services), has imposed a