CoinDCX, a Mumbai-based crypto exchange registered with the FIU, has partnered with India’s Enforcement Directorate (ED) to manage seized crypto assets. This collaboration, announced on March 5th, will see CoinDCX act as custodian for digital currencies confiscated by the ED during investigations into illegal crypto operations. The ED, as India’s financial watchdog, has been actively seizing significant amounts of crypto as part of its nationwide crackdown. CoinDCX will provide secure storage and leverage a specially trained team with advanced capabilities to support the ED’s efforts. This partnership aims to bolster the security and accountability of seized crypto assets within the Indian regulatory landscape.
Share via:
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
ED Partners with CoinDCX for Custody Management of Seized Assets
CoinDCX, a Mumbai-based crypto exchange registered with the FIU, has partnered with India’s Enforcement Directorate (ED) to manage seized crypto assets. This collaboration, announced on March 5th, will see CoinDCX act as custodian for digital currencies confiscated by the ED during investigations into illegal crypto operations. The ED, as India’s financial watchdog, has been actively seizing significant amounts of crypto as part of its nationwide crackdown. CoinDCX will provide secure storage and leverage a specially trained team with advanced capabilities to support the ED’s efforts. This partnership aims to bolster the security and accountability of seized crypto assets within the Indian regulatory landscape.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi
