According to recent reports, the Enforcement Directorate has released WazirX’s frozen bank accounts which were previously frozen to investigate money laundering charges. Go through the whole article to learn more about this news piece.
Statements given by the related parties
“Due to the active cooperation extended by WazirX and active anti-money laundering checks that led to the blocking of suspicious accounts, the ED has unfrozen the bank accounts of WazirX,” the crypto exchange said in a statement on Monday. “WazirX is now in a position to continue its banking operations as usual.”WazirX has a no-tolerance policy towards any illegal activities using its platform and mandates the users to use it for legal and bonafide purposes only. On WazirX, the users undertake to operate as per all the applicable laws,” the exchange said in its blog post. So previously, WazirX’s accounts worth approximately 65 crores were frozen by the Directorate because of some money laundering charges. As per reports, all these accounts have been unfrozen now as the firm was extremely cooperative and dealt with charges with dignity.
About cryptocurrency
For people who don’t know much about cryptocurrency, this article is here to help you. So, in simple words, Cryptocurrency is digital money. Although it is called a currency, it is actually not considered to be a currency. It is just digital money and can prove to be a good investment decision. It is getting quiet as more and more people are getting to know about it. Bitcoins, NFT, etc. are all different kinds of cryptocurrencies. The thing about cryptocurrency which is making it popular is that once have it, you have the full right over it. No one can steal it from you and no one can copy it and plagiarise it. Once you have it, it is fully your call as to what to do with it.
How to buy cryptocurrency?
The problem that many people face with cryptocurrency is that they don’t know where to start and from to buy from. So, the first step for buying a cryptocurrency is to select a crypto exchange. WazirX is also a crypto exchange company. Their main purpose is to create a space for people who are really interested in cryptocurrency and want to make a niche for themselves by investing in this currency. After you are done with this step then the rest are pretty easy. You just make your account and buy a cryptocurrency.
