India’s Financial Crimes Watchdog Raids Crypto Exchanges CoinDCX and Delta Over Alleged Illegal Cross-Border Trades
Key Highlights The Enforcement Directorate alleged that CoinDCX and another platform routed customer funds abroad for derivatives and tokenized foreign shares without authorization. The agency said CoinDCX converted rupees into USDT and sent the funds to overseas exchanges including Binance, KuCoin and Gate.io. The ED alleged that CoinDCX mirrored customers’ futures and options positions on ...