CoinSwitch Kuber Premises Raided as Indian Enforcement Agency Probe Grows

The Enforcement Directorate (ED) searched the offices of leading crypto exchange CoinSwitch Kuber at five different locations on Thursday, as the agency continues to investigate allegations of Foreign Exchange Management Act (FEMA) violations by crypto platforms, the Economic Times reported. Another report revealed, citing sources, that the homes of the company’s directors and CEO, as well as the business location of the company, are the five premises being searched.