India's Enforcement Directorate raids CoinDCX and Delta over alleged illegal cross-border transactions.
Original headline印度执法局搜查 CoinDCX 与 Delta，指涉非法跨境交易
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India’s Enforcement Directorate (ED) searched premises linked to crypto exchanges CoinDCX and Delta on November 4, alleging unauthorized cross-border transactions under the Foreign Exchange Management Act. CoinDCX confirmed the Bengaluru visit as a “routine inquiry,” said it fully cooperated, and noted it is registered with FIU-IND and compliant with KYC, AML, and reporting rules, with trading, deposits, and withdrawals operating normally; Delta has not publicly responded. The ED typically probes cross-border fund flows and forex violations under FEMA and the Prevention of Money Laundering Act. Disclosed details remain limited: no amounts, asset seizures, or formal charges have been announced. The action signals heightened Indian scrutiny of offshore-linked crypto flows; next watch for ED findings, any show-cause notices, and Delta’s response.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
CoinDCX, Delta, Enforcement Directorate (ED), India, FIU-IND