News Snapshot:
The Enforcement Directorate has widened the ambit of its probe into functioning of crypto currency exchanges following action against the WazirX with at least six such exchanges being probed on suspicion of Chinese nationals using them as shell companies to fly large amounts of cash out of the country through their gateways. Of the six high-profile crypto exchanges, it’s learnt that one each is based in Hong Kong and Seychelles and the rest are in India. The ED, conducted searches over three days from August 8, at various premises of Yellow Tune Technologies Private Limited in Bengaluru and issued an...
