India’s ED Targets CoinDCX and Delta Over Billions in Alleged Unauthorized Overseas Trades
India’s Enforcement Directorate (ED) has searched premises linked to CoinDCX and Delta Exchange India over alleged violations of foreign exchange rules involving unauthorized cross-border crypto transactions.
The searches took place on November 4 and 5, when officials visited three premises in Bengaluru connected to Neblio Technologies, the company behind CoinDCX, and Excelium Technologies, which operates Delta Exchange…
ED Flags Alleged FEMA Violations Worth Billions The investigation is being conducted under Section 37 of the Foreign Exchange Management Act (FEMA), 1999, which governs cross-border financial transactions.
