India ED Searches CoinDCX and Delta in Forex Probe
India's Enforcement Directorate searched crypto exchanges CoinDCX and Delta over foreign exchange law compliance, according to statements on Nov. 6.
India's Enforcement Directorate (ED) has searched the offices of cryptocurrency exchanges CoinDCX and Delta in an investigation into potential foreign exchange law violations, according to statements released by both companies on Nov. 6.
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In statements released on Nov. 6, both platforms confirmed that core trading services, deposits, and withdrawals remain operational despite the regulatory action. Delta explicitly denied engaging in cross-border digital-asset transfers during the inquiry.
Key facts
- India's ED conducted searches at CoinDCX and Delta in a foreign exchange law probe.
- Both exchanges confirmed trading, deposits, and withdrawals remain fully operational.
- Delta denied cross-border digital-asset transfers.
Source: thedefiant.io
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