![india-goes-after-andreessen-horowitz-backed-coinswitch-exchange-over-forex-laws-violations-730x360 CoinSwitch Kuber logo on phone screen](https://coingeek.com/wp-content/uploads/2022/08/india-goes-after-andreessen-horowitz-backed-coinswitch-exchange-over-forex-laws-violations-730x360-1-380x188.jpg)
India goes after Andreessen Horowitz-backed CoinSwitch exchange over forex laws violations
India’s Enforcement Directorate reportedly raided five premises owned by CoinSwitch as it cracks down on the exchange for KYC and forex laws violations.
India’s Enforcement Directorate reportedly raided five premises owned by CoinSwitch as it cracks down on the exchange for KYC and forex laws violations.
The Directorate of Enforcement has been questioning executives at CoinSwitch Kuber, CoinDCX, and WazirX regarding violating foreign exchange regulations.
Investors and traders are bearing the strict regulations on digital currency in India—with some transferring their digital currencies to overseas wallets and opening accounts abroad.