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OKX, the world’s third-largest cryptocurrency futures exchange by trading volume, has come under the scrutiny of South Korea’s financial watchdogs. The…
Authorities in South Korea are looking to investigate major cryptocurrency exchange OKX over complaints of the platform’s improper registration in the…
A group of cryptocurrency exchanges known as the Digital Asset Exchange Alliance (DAXA) has reported rival OKX to the financial authorities in South Korea.
This happened after RBI wrote to ED in the last week of November 2023, informing it of possible breaches. Within 10 days, ED wrote back to RBI in December, seeking information on the “entities” that had allegedly violated Fema, sources said. ED had also sought details on entities that had made suspiciously “huge” deposits in Paytm wallets.
The Directorate of Enforcement (ED) sought additional information from the Reserve Bank of India (RBI) less than two months ago, on alleged violation of the Foreign Exchange Management Act (Fema) by individuals and companies using Paytm Payments Bank, people in the know told ET.