India’s Enforcement Directorate Searches CoinDCX and Delta Exchange Over Alleged Forex Violations
Key Highlights India’s Enforcement Directorate is investigating alleged large-scale cross-border activity involving crypto token derivatives and tokenized real-world asset products. The agency alleges that Indian rupees were converted into $USDT and transferred offshore through a Costa Rica-based “paper entity” or API links to international exchanges. CoinDCX and Delta Exchange India deny wrongdoing, say operations and ...