{"id":14473,"date":"2022-11-13T07:52:59","date_gmt":"2022-11-13T07:52:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/indian-authority-freezes-150-bitcoins-held-at-binance-crypto-exchange-regulation-bitcoin-news\/"},"modified":"2022-11-13T07:52:59","modified_gmt":"2022-11-13T07:52:59","slug":"indian-authority-freezes-150-bitcoins-held-at-binance-crypto-exchange-regulation-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/indian-authority-freezes-150-bitcoins-held-at-binance-crypto-exchange-regulation-bitcoin-news\/","title":{"rendered":"Indian Authority Freezes 150 Bitcoins Held at Binance Crypto Exchange \u2013 Regulation Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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India\u2019s Enforcement Directorate (ED) says that it has frozen 150.22 more bitcoins held at cryptocurrency exchange Binance. The freeze is part of an investigation into mobile gaming application E-nuggets, which was designed to defraud the public, the ED said.<\/strong><\/p>\n

India Freezes More Bitcoins at Binance<\/h2>\n

India\u2019s Enforcement Directorate (ED) announced Friday that it has frozen 150.22 bitcoins under the country\u2019s Prevention of Money Laundering Act (PMLA). The ED is the government of India\u2019s law enforcement and economic intelligence agency.<\/p>\n

The case involves Aamir Khan, s\/o Nesar Ahmed Khan, who launched a mobile gaming application called E-nuggets, which \u201cwas designed for the purpose of defrauding [the] public,\u201d the ED described.<\/p>\n

The official ED Twitter account tweeted explaining that the agency investigated a crypto wallet and user ID at cryptocurrency exchange Binance, which led to the freezing of 150.22 BTC<\/a>.<\/p>\n

\"Indian<\/a><\/p>\n

The ED further detailed:<\/p>\n

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It was revealed during investigation that multiple accounts (more than 300) were used to launder the money. Proceeds were also used to purchase cryptocurrencies.<\/p>\n<\/blockquote>\n

The authority explained that it previously froze several cryptocurrencies in the E-nuggets case. Last month, the ED said it froze<\/a> 85.91870554 bitcoins at Binance as well as two crypto tokens held at Indian crypto exchange Wazirx: WRX and USDT<\/a>. In addition, 44.5 more BTC<\/a> were subsequently \u201cseized and frozen<\/a>\u201d from the residential premises of Romen Agarwal.<\/p>\n

Agarwal \u201cis actively involved in inter\/intra country transactions related with transfer of ill-gotten money within & outside the countries received from criminals.\u201d He has been arrested and is currently under judicial custody, the ED noted.<\/p>\n

What do you think about the ED freezing more bitcoin in the E-nuggets mobile gaming app case? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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