ED issues show-cause notice to crypto exchange WazirX’s directors Nischal Shetty and Sameer Mhatre

The Enforcement Directorate initiated the FEMA investigation on the basis of an ongoing money laundering probe into Chinese-owned "illegal" online betting applications

from Moneycontrol Business News https://www.moneycontrol.com/news/business/ed-issues-show-cause-notice-to-crypto-exchange-wazirx’s-directors-nischal-shettysameer-mhatre_15183901.html