Indian Authorities Raid CoinDCX and Delta Over Alleged Illegal Cross-Border Transactions

on November 12, according to CoinDesk, India's Enforcement Directorate (ED) raided related premises of crypto exchanges CoinDCX and Delta, accusing both platforms of suspected unauthorized cross-border transactions.

CoinDCX stated that ED personnel visited its Bengaluru office on November 4 for a "routine inquiry", and the company has fully cooperated by providing all required information and support to the relevant authorities. The company emphasized that it is registered with India's Financial Intelligence Unit (FIU-IND), complies with India's Foreign Exchange Management Act as well as customer identification, anti-money laundering, and reporting obligations, and that platform trading, deposits, and withdrawals remain fully operational. Delta has not publicly responded as of now.

The Indian Enforcement Directorate typically investigates cross-border capital and foreign exchange violation cases under the Foreign Exchange Management Act and the Prevention of Money Laundering Act. As of the time of reporting, public information has not disclosed the amounts involved in this search, whether assets were seized, nor clarified whether formal charges have been brought against the platforms.