ED said to probe crypto exchange Binance's role in betting app laundering

India is probing betting apps run by Chinese operators, which collected more than Rs 1,000 crore over the past 10 months, for allegedly laundering part of money through the WazirX cryptocurrency

India’s anti-money laundering agency is examining if Binance Holdings Ltd. had a role to play in an ongoing investigation involving betting apps, according to people with knowledge of the matter.

The Enforcement Directorate has summoned Binance executives for questioning and is awaiting a response, the people said, asking not to be identified as the matter is under investigation. India is probing betting apps run by Chinese operators, which collected more than Rs 1,000 crore ($134 million) over the past 10 months, for allegedly laundering part of the money through the WazirX cryptocurrency exchange. Binance acquired WazirX in 2019.

However, a