📷 Image: Wikimedia Commons / শরদিন্দু ভট্টাচার্য্য
Business
ED Raids CoinDCX, Delta Exchange Offices Over Offshore Crypto Trading
✍️ Decrypt
🗓 13 Nov 2026, 04:48 AM
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India's Enforcement Directorate has conducted raids on the offices of cryptocurrency exchanges CoinDCX and Delta Exchange to investigate offshore trading activities.
The Enforcement Directorate (ED), India's premier financial crimes investigation agency, has launched a crackdown on major cryptocurrency platforms. The agency conducted searches at the offices of CoinDCX and Delta Exchange as part of an ongoing probe into offshore trading operations.
The raids were carried out to gather evidence related to transactions that allegedly bypassed domestic regulatory frameworks by being routed through foreign jurisdictions. Authorities are scrutinizing these exchanges to ensure compliance with India's strict anti-money laundering laws and foreign exchange regulations.
CoinDCX and Delta Exchange are among the prominent crypto trading platforms operating in India. The intervention by the ED signals a tightening of the regulatory net around the digital asset sector, focusing specifically on the flow of funds across borders.
This move is expected to intensify scrutiny on how Indian-based exchanges manage their international business operations. The agency aims to determine the extent of offshore trading and any potential violations of financial laws during the investigation.
The raids were carried out to gather evidence related to transactions that allegedly bypassed domestic regulatory frameworks by being routed through foreign jurisdictions. Authorities are scrutinizing these exchanges to ensure compliance with India's strict anti-money laundering laws and foreign exchange regulations.
CoinDCX and Delta Exchange are among the prominent crypto trading platforms operating in India. The intervention by the ED signals a tightening of the regulatory net around the digital asset sector, focusing specifically on the flow of funds across borders.
This move is expected to intensify scrutiny on how Indian-based exchanges manage their international business operations. The agency aims to determine the extent of offshore trading and any potential violations of financial laws during the investigation.