India’s financial crimes watchdog raids CoinDCX and Delta over illegal cross-border trades

India's Enforcement Directorate raided crypto exchanges CoinDCX and Delta, alleging illegal cross-border trades that violated the country's foreign exchange laws. The action targets two of India's largest domestic exchanges and signals heightened enforcement risk for crypto platforms operating under strict currency controls. Traders should watch for further regulatory action and possible liquidity or withdrawal disruptions at the affected venues.