ED requested additional information and documents from CoinDCX and CoinSwitch Kuber


The Indian government's anti-money laundering agency, the Directorate of Enforcement (ED) requested additional information and documents from cryptocurrency exchanges CoinDCX and CoinSwitch Kuber.


The ED has sent notices to several crypto exchanges as part of its ongoing investigation into alleged instances of foreign exchange violations, according to ET. The development is in line with the ED's ongoing investigation into money laundering cases involving cryptocurrencies. It should be noted that money laundering is one of the most common crimes in the cryptocurrency market, with cybercriminals laundering $8.6 billion in cryptocurrency in 2021.

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