This is the second cryptocurrency exchange in India to be hit this month. Many suspected violations of FEMA are now under investigation. Another cryptocurrency exchange in India came under regulatory investigation as crypto firms came under increasing strain. India’s major cryptocurrency exchange, CoinSwitch Kuber, was raided by the country’s Enforcement
CoinDCX founder Sumit Gupta joined the investigation. CoinSwitch Kuber was also part of the investigation. Under the Foreign Exchange Management Act (FEMA), India’s Directorate of Enforcement (ED) has sent notifications to cryptocurrency exchanges requesting additional information and documents as part of its ongoing investigation into any alleged foreign exchange crimes
CoinSwitch Kuber has reached $25 million in a Series B funding round. In a Series B funding round from Tiger Global Management. Tiger Global Management valuing startup $500. Series B funding is financed by Tiger Global. CoinSwitch Kuber has reached $25 million in a Series B funding round from Tiger
