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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.
