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Topic: is binance in india? (Read 108 times)
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yeah, i understood it was money laundering case.
but instead of mentioning that it was just a user's account that got seized.
they had to sensationalize it using only the company's name.
Yeah, moreover, Binance co-operated with ED on this matter. They froze and seized the user's funds in the favor of ED after receiving the request from ED. But media is projecting it if Binance has made the default. Classic Indian media.
On the different note, this case could be seen as a warning by the Indian traders. They consider Binance as a safe haven and think that if they move funds from Indian exchanges to Binance, the authorities can't trace it anymore. However, this isn't the case. As long as their identities are linked, the authorities have the rights under PMLA Act, 2002 to seek for such help from the foreign companies.
just saw this news: https://www.livemint.com/market/cryptocurrency/ed-raids-binance-freezes-bitcoins-worth-rs-22-82-crore-11668162296465.html
https://twitter.com/ANI/status/1591007537851420678
i have never used binance and don't want to use it either but wasn't aware that they have offices in india.
or is it something else?
This is why they say media is the best friend and worst enemy of mankind, The news actually is this:https://twitter.com/ANI/status/1591007537851420678
Quote
Enforcement Directorate has carried out a search operation on Binance Crypto Exchange leading to freezing of 150.22 Bitcoins equivalent to Rs 22.82 Cr under PMLA, 2002, in respect to probe relating to the mobile gaming application, namely E-nuggets, says the agency.
i have never used binance and don't want to use it either but wasn't aware that they have offices in india.
or is it something else?
https://twitter.com/dir_ed/status/1591005053984583682?ref_src=twsrc%5Etfw
The official tweet from ED, it's actually a user account that got frozen and seized, the account belongs to some person who is involved in the gaming application namely E-nuggets. They might have been involved in some illegal money laundering using bitcoin not sure.
yeah, i understood it was money laundering case.
but instead of mentioning that it was just a user's account that got seized.
they had to sensationalize it using only the company's name.
The worst part is many news channel will pick up their news from ANI as it's their primary source and play the same thing repetitively without any fact-checking on their part as well, all this will spoil the name of crypto in India.
just saw this news: https://www.livemint.com/market/cryptocurrency/ed-raids-binance-freezes-bitcoins-worth-rs-22-82-crore-11668162296465.html
https://twitter.com/ANI/status/1591007537851420678
i have never used binance and don't want to use it either but wasn't aware that they have offices in india.
or is it something else?
This is why they say media is the best friend and worst enemy of mankind, The news actually is this:https://twitter.com/ANI/status/1591007537851420678
Quote
Enforcement Directorate has carried out a search operation on Binance Crypto Exchange leading to freezing of 150.22 Bitcoins equivalent to Rs 22.82 Cr under PMLA, 2002, in respect to probe relating to the mobile gaming application, namely E-nuggets, says the agency.
i have never used binance and don't want to use it either but wasn't aware that they have offices in india.
or is it something else?
https://twitter.com/dir_ed/status/1591005053984583682?ref_src=twsrc%5Etfw
The official tweet from ED, it's actually a user account that got frozen and seized, the account belongs to some person who is involved in the gaming application namely E-nuggets. They might have been involved in some illegal money laundering using bitcoin not sure.
yeah, i understood it was money laundering case.
but instead of mentioning that it was just a user's account that got seized.
they had to sensationalize it using only the company's name.
just saw this news: https://www.livemint.com/market/cryptocurrency/ed-raids-binance-freezes-bitcoins-worth-rs-22-82-crore-11668162296465.html
https://twitter.com/ANI/status/1591007537851420678
i have never used binance and don't want to use it either but wasn't aware that they have offices in india.
or is it something else?
This is why they say media is the best friend and worst enemy of mankind, The news actually is this:https://twitter.com/ANI/status/1591007537851420678
Quote
Enforcement Directorate has carried out a search operation on Binance Crypto Exchange leading to freezing of 150.22 Bitcoins equivalent to Rs 22.82 Cr under PMLA, 2002, in respect to probe relating to the mobile gaming application, namely E-nuggets, says the agency.
i have never used binance and don't want to use it either but wasn't aware that they have offices in india.
or is it something else?
https://twitter.com/dir_ed/status/1591005053984583682?ref_src=twsrc%5Etfw
The official tweet from ED, it's actually a user account that got frozen and seized, the account belongs to some person who is involved in the gaming application namely E-nuggets. They might have been involved in some illegal money laundering using bitcoin not sure.
just saw this news: https://www.livemint.com/market/cryptocurrency/ed-raids-binance-freezes-bitcoins-worth-rs-22-82-crore-11668162296465.html
https://twitter.com/ANI/status/1591007537851420678
i have never used binance and don't want to use it either but wasn't aware that they have offices in india.
or is it something else?
https://twitter.com/ANI/status/1591007537851420678
Quote
Enforcement Directorate has carried out a search operation on Binance Crypto Exchange leading to freezing of 150.22 Bitcoins equivalent to Rs 22.82 Cr under PMLA, 2002, in respect to probe relating to the mobile gaming application, namely E-nuggets, says the agency.
i have never used binance and don't want to use it either but wasn't aware that they have offices in india.
or is it something else?
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