India’s Enforcement Directorate raided CoinDCX and Delta Exchange as part of an investigation into offshore positions involving Indian traders.
According to Crypto.news, traders can use rupees to open positions linked to Bitcoin or Tesla. The Enforcement Directorate wants to find out who placed these orders offshore, how the funds were deposited, and whether the two exchanges complied with India’s foreign exchange rules.
· The investigation focuses on foreign exchange compliance, specifically offshore orders and the source of funds—not the exchanges’ crypto business licenses.
· These are areas of investigative focus; no violation has been established.
Would you rather first understand how rupees are deposited, or who places the offshore orders?
#印度 #CryptoRegulation
According to Crypto.news, traders can use rupees to open positions linked to Bitcoin or Tesla. The Enforcement Directorate wants to find out who placed these orders offshore, how the funds were deposited, and whether the two exchanges complied with India’s foreign exchange rules.
· The investigation focuses on foreign exchange compliance, specifically offshore orders and the source of funds—not the exchanges’ crypto business licenses.
· These are areas of investigative focus; no violation has been established.
Would you rather first understand how rupees are deposited, or who places the offshore orders?
#印度 #CryptoRegulation
