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Indian regulatory watchdog enforcement directorate (ed) issued a notice against india's largest crypto exchange wazirx asking them why withdrawals from the crypto wallet are not a violation of india's foreign exchange management act (fema), as per a report in et.
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Indian crypto traders are receiving account closure notes from banks, and exchanges say they are seeing issues with bank transfers.
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This time, india is resorting back to its old tricks of potentially banning crypto trading.
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