CoinSwitch CEO, in Wake of Searches by Indian Authorities, Says the Crypto Exchange Is 'Fully Cooperating'

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CoinSwitch CEO, in Wake of Searches by Indian Authorities, Says the Crypto Exchange Is 'Fully Cooperating'
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The CEO of CoinSwitch, the Indian crypto exchange that was recently searched by the Enforcement Directorate, took to Twitter to say 'we are fully cooperating.' By amitoj

Indian crypto exchange CoinSwitch Kuber CEO Ashish Singhal said Saturday"we are fully cooperating" with the Enforcement Directorate, two days after searches at five locations by the financial crimes agency.

Disclosing the news of the searches on Thursday, the Bangalore cell of India's Enforcement Directorate told CoinDesk"Searches were conducted since we did not receive the desired cooperation from CoinSwitch Kuber."., apparently seeking to clarify that the"engagement with the ED" is not about money laundering or India's Prevention of Money Laundering Act.

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