Investigation

Indian authorities freeze $8.1M in WazirX funds as part of AML investigation

India’s Directorate of Enforcement, or ED, has announced it froze roughly $8.1 million in funds and conducted a search connected to cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud. In a Friday announcement, the Directorate of Enforcement alleged WazirX facilitated transactions by unnamed fintech firms “to purchase crypto assets and …

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Coinbase, Kraken Face U.S. Investigation – Bitcoin Magazine

Coinbase is reportedly under investigation by the SEC. The investigation is meant to determine if the company listed cryptocurrencies that should have been considered securities. Kraken reportedly is under investigation by the U.S. Treasury Department for violating sanctions. Scrutiny over cryptocurrency exchanges from U.S. regulators is growing by the day. Coinbase Global Inc., ($COIN) is …

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