By Nupur Anand
MUMBAI, Aug 5 (Reuters) - India's financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world's largest digital currency exchange Binance, online betting as part of its investigation into suspected violation of foreign exchange regulations.
The federal Enforcement Directorate (ED) said that it froze assets worth 646.70 million rupees ($8.16 million).
"We have been fully cooperating with the Enforcement Directorate for several days and have responded to all their queries fully and transparently," said a spokesperson for Online Betting WazirX, which is among the largest virtual currency exchanges in India.
"We do not agree with the allegations in the ED press release.

We are evaluating our further plan of action."
The agency said its action was related to the investigation into the crypto exchange's suspected role in assisting instant loan app companies in laundering the proceeds of crime by converting them into cryptocurrencies on its platform.
The searches were conducted on one of the directors of Zanmai Lab, which owns WazirX.
The ED said that it was conducting money-laundering investigations against several shadow banks and online betting their fintech companies for violation of central bank norms and indulging in predatory lending practices.