India’s Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore Trades
Summary
Indian financial crime investigators have searched the offices of cryptocurrency platforms CoinDCX and Delta Exchange. Authorities claim the digital asset exchanges used a shell company in Costa Rica to direct domestic customer transactions toward global platforms like Binance and Bybit.
The Enforcement Directorate alleges the exchanges routed Indian users' trades to Binance, Bybit and others via a Costa Rican shell entity.
Source: Read the full story at Decrypt
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