Binance and WazirX face scrutiny as India investigates cross-border wallet flows and security risks. Globally, investigative agencies have been acting against illicit crypto funding.
Indiaβs Financial Intelligence Unit (FIU-IND) is investigating the global cryptocurrency exchange Binance and the Indian exchange WazirX, focusing on potential loopholes in cross-border digital asset transfers.
The investigation is driven by concerns about unregulated wallet transactions linked to accounts from Pakistan. Authorities are particularly worried about activities near sensitive areas like Jammu and Kashmir, where such transfers could be used for illegal funding or money laundering. They are also investigating the funds sent from India to addresses located outside the country.
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