India's ED Searches CoinDCX, Delta in Forex-Law Probe
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India’s Enforcement Directorate searched CoinDCX and Delta as part of a foreign-exchange-law probe, with both exchanges saying on Nov. 6 that trading, deposits and withdrawals remained operational. Delta denied making cross-border digital-asset transfers, while CoinDCX did not disclose further details in the article. The action puts two major Indian crypto platforms under scrutiny as authorities examine whether digital-asset transactions comply with the country’s exchange-control rules. The probe matters because it could shape compliance expectations for Indian exchanges and their users. What to watch next is whether the ED issues show-cause notices, demands penalties or clarifies how cross-border crypto transfers should be treated.
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Named in this story
Delta, CoinDCX, Enforcement Directorate, India