Haha ...

>  The ministry said that cryptocurrencies are borderless and require international collaboration to 'prevent regulatory arbitrage'.

Indeed, sir.  Indeed.

Good luck with that.


cryptocoin

Here's another article on this development:

“Further it has been found that all crypto transactions between these 2 exchanges were not even being recorded on the blockchains and were thus cloaked in mystery. Accordingly, a show cause notice (SCN) has been issued under the provisions of FEMA against WaxirX for allowing outward remittance of crypto assets worth Rs 2,790 crore to unknown wallets.”

All transactions between WazirX and Binance were 'cloaked in mystery': Govt on ED probe

https://www.moneycontrol.com/news/business/cryptocurrency/all-transactions-between-wazirx-and-binance-were-cloaked-in-mystery-mos-chaudhary-on-ed-probe-8938741.html

https://archive.ph/PLAqN

bitcoin

Indian Government Raids Director of Crypto Exchange WazirX, Freezes $8.1M

Here's another article on this development:

> “Further it has been found that all crypto transactions between these 2 exchanges were not even being recorded on the blockchains and were thus cloaked in mystery. Accordingly, a show cause notice (SCN) has been issued under the provisions of FEMA against WaxirX for allowing outward remittance of crypto assets worth Rs 2,790 crore to unknown wallets.”

*All transactions between WazirX and Binance were 'cloaked in mystery': Govt on ED probe*
https://www.moneycontrol.com/news/business/cryptocurrency/all-transactions-between-wazirx-and-binance-were-cloaked-in-mystery-mos-chaudhary-on-ed-probe-8938741.html
https://archive.ph/PLAqN
