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India's Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore Trades

Decrypt·November 12, 2026·1 min read
India's Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore Trades

India's Enforcement Directorate searched CoinDCX and Delta Exchange, alleging they routed Indian users' trades to Binance, Bybit and others via a Costa Rican shell entity. The searches target suspected forex violations and offshore trading practices, highlighting regulatory scrutiny of crypto exchanges operating in India.

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