CryptoIndia

Indian enforcement agency searches CoinDCX and Delta over forex probe

India's Enforcement Directorate has run searches at two crypto firms, CoinDCX and Delta Exchange, over alleged currency-law breaks and offshore dealings. The case points to the difficulty of watching crypto derivatives and cross-border deals.

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India's Enforcement Directorate has carried out searches at CoinDCX and Delta Exchange. The searches concern alleged forex violations, meaning breaches of rules on trading currencies, and offshore trades, which are dealings carried out outside the country.

Derivatives are contracts whose value depends on an underlying asset. The matter may affect how India oversees crypto in the future.

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