Reports allege that India’s Enforcement Directorate examined CoinDCX and Delta over offshore crypto trading and payments—but the cited search dates are in the future. Until the timeline and underlying records are verified, the allegations and headline figures remain unconfirmed.
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India’s USDT premium surged above 8.5% after an ED crackdown squeezed local stablecoin supply, exposing how quickly enforcement can distort crypto markets. The raids also highlight growing pressure on crypto remittances and India’s still-murky rules around digital assets.
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India is dragging crypto into the spotlight, with Parliament set to question the RBI as ED raids and tax notices pile up. The hearing could shape how India handles VDAs, stablecoins, remittances, and the messy business of taxing and policing a massive market.
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