The Enforcement Directorate is investigating allegations that the exchanges bypassed foreign exchange laws by routing Indian trades through a Costa Rican shell entity to offshore platforms.
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The Enforcement Directorate is investigating allegations that the exchanges bypassed foreign exchange laws by routing Indian trades through a Costa Rican shell entity to offshore platforms.
The Enforcement Directorate alleges the exchanges routed Indian users' trades to Binance, Bybit and others via a Costa Rican shell entity. The Enforcement Directorate alleged illegal cross-border flows that violated India's foreign exchange laws.
Decrypt reported the story as "India's Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore Trades."
2 sources have covered this story, including Decrypt and CoinDesk. The earliest reporting in the cluster landed about 1 hour ago.
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Left 0Center 2Right 0No left or right outlets yet.
Time since the first report
Who carried it, in order
- FirstCoinDeskNov 12, 5:10 AM ET · United StatesCenter
- +1h 52mDecryptNov 12, 7:03 AM ET · United StatesCenter
Claim ledger
[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.