Mon. Sep 26th, 2022

NEW DELHI: ED’s Investigation into Alleged Cryptocurrency Exchange Money Laundering WazirX and subsequent disputes between its promoters have revealed the “darker side” of cryptocurrencies, a senior government source said on Thursday.
The source added that people should be careful in the absence of regulation governing cryptocurrencies and so-called trading exchanges in them.
“Caution is the word that should be in the minds of people dealing with cryptocurrencies. In the WazirX episode, people got to know many dark sides, caution is necessary in cryptocurrency transactions,” the source said.
The Enforcement Directorate (ED) has been investigating allegations of money laundering against WazirX.
The agency has frozen bank deposits worth Rs 64.67 crore as…

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