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India Financial Crimes Agency Raids Crypto Exchanges CoinDCX and Delta
(3 hours ago) · 1 source · Summarized by CryptoBipto
India's financial crimes enforcement agency has raided cryptocurrency exchanges CoinDCX and Delta over allegations of illegal cross-border trades. The raids are part of an investigation into potential violations of India's foreign exchange laws by the two platforms.
WHY IT MATTERS
In India, there are strict rules about moving money across borders, similar to how many countries regulate international money transfers.
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SOURCES
- coindesk.com
RELATED
Enforcement ActionIndia RegulationCrypto ExchangesCross-Border TransactionsFinancial Crimes