ED raid on crypto platforms: Foreign transactions worth thousands of crores in CoinDCX-Delta exchange, evidence of FEMA violations
Bengaluru30 minutes ago copy link The Enforcement Directorate raided 3 Bengaluru-based locations of crypto trading platforms Coin DCX and Delta Exchange on November 4 and 5. The investigation has found evidence of international crypto transactions without legal permission and large-scale violations of FEMA i.e. Foreign Exchange Management Act. FEMA A law that regulates foreign exchange…