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Binance’s CZ clarifies position after ‘incorrect reports’ on WazirX ‘acquisition’

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Binance CEO Changpeng Zhao has claimed that the company “does not own any equity” in Zanmai Labs, the parent company of Indian crypto-exchange WazirX.

This, a day after India’s Enforcement Directorate (ED) froze WazirX’s bank balances worth $8 million earlier.According to a statement, ED has been investigating WazirX since last year for its alleged role in a money laundering scheme.

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