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Indian Authorities Select CoinDCX To Oversee Seized Digital Assets

  • CoinDCX has been selected by India's Enforcement Directorate (ED) to manage seized digital assets during financial crime investigations.
  • CoinDCX will provide a robust custody infrastructure to store and manage confiscated crypto assets.
  • The collaboration with CoinDCX reflects India's efforts to leverage private-sector expertise in addressing cryptocurrency fraud.
  • The move comes in response to high-profile cryptocurrency fraud cases in India, including the GainBitcoin and BitConnect scams.

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