On august fifth, the enforcement direct rate froze bank assets belonging to wazi rex. The company is now under investigation for laundering money. And the e d has accused the directors of flouting k vic norms while signing up users. See, when companies like wazirex facilitate the movement of funds, they are expected to know every single detail about their customer. But some companies do away with the stringent requirements. If they believe they can stand to make money in the process, they'll be lax about it - not so stringent, so to speak.
In today's episode for 9th August 2022, we see why two founders are feuding on Twitter trying to wash their hands off of WazirX.
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