ED Raids CoinDCX, Delta Exchange Over Foreign Transactions

Photo: Mint Companies

The Enforcement Directorate conducted raids at premises linked to CoinDCX and Delta Exchange, uncovering evidence of alleged FEMA violations. The investigation focuses on crypto derivatives, tokenised foreign stocks, cross-border transactions, payments in stablecoins, and transfers to overseas affiliates. Authorities are probing unauthorized foreign transactions and shell entities involved in these activities.

Tip: use ↑ / ↓ (or j / k) to move between stories.