Binance gets $8M+ assets frozen in India

Hello dear Hivers, and LeoFinance community. Another Friday, another week that ends, and another strike on our cryptoverse.

This time (again) its turn for Binance to get the hit. Rumor claims that the Binance-owned agency WazirX is implied in the launder of assets derived from Chinese-owned betting applications ilegally operating in India. In this case, the laundered proceeds sum up to 570M Rupees, Reuters said.

India's government is known for trying to strike down cryptocurrencies in the past, with many regulations half way implemented, which has led to some major cryptocurrencies exchanges to halt operations (link) amid legal uncertainty.

What are your thoughts on this? Do you think WazirX was truly implied onto something, or is it just again that the totalitarian establishment is not accepting the freedom that decentralization offers to people? I read you below.

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