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Indian Enforcement Directorate searches Indian crypto trading platform CoinSwitch Kuber

CoinSwitch Kuber, an Indian cryptocurrency trading platform, is being searched by the Enforcement Directorate of India (ED), according to CoinDesk. Five premises related to the trading platform are currently being searched, this time in connection with India's Foreign Exchange Regulation Act (FEMA). An official with the Bureau of Enforcement said it was "investigating possible violations under FEMA and other entities associated with it, and has conducted a search of the official premises of its CEO and trading platform."

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