India's Enforcement Directorate searches CoinDCX and Delta Exchange over offshore trades
REGULATIONBinancecoinbrief/daily · 2 sources
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What happened
India's Enforcement Directorate has conducted searches at CoinDCX and Delta Exchange. It alleges that both platforms routed Indian users' trades to Binance, Bybit and other offshore venues via a Costa Rican shell entity. The report gives no figures, charges or company responses, so the scope and legal basis remain unclear. Watch for formal charges, statements from the exchanges, and any impact on Indian user access or liquidity.
For experienced traders · Written by AI from 2 sources · Wrong?
What to do
- Watch for any official statement from CoinDCX or Delta Exchange responding to the allegations.
- Watch for any charges or further action announced by the Enforcement Directorate.
Written by AI from the sources, checked against them
Full story timeline · 2 updates
Who reported · 2 outlets
DecryptCryptoPotato
Who and what is in it
Government agencies