Crypto Money Laundering Probe Points To A China Link: Report

News Snapshot:

The officials under the scanner are likely to be called for questioning again next week by probe agency. At least 10 cryptocurrency exchanges are under Enforcement Directorate (ED) scanner for allegedly laundering Rs 1,000 crore for firms being investigated in the instant loan app case. Most of these firms under probe have a China link, according to an Economic Times report. The ED investigation has revealed that the accused first approached the exchanges to buy crypto coins worth more than Rs 1000 crore which were later sent to international wallets. The accused exchanges failed to raise suspicious transaction reports (STRs)...