According to CoinDesk, the Indian Enforcement Directorate (ED) is searching the Indian cryptocurrency exchange CoinSwitch Kuber. Currently, five premises related to the exchange are being searched, this time involving India’s Foreign Exchange Management Act (FEMA). and other entities associated with it, and conducted a search of its CEO and the official premises (residence) of the (exchange)". Foresight News previously reported that in July, the Indian Enforcement Agency investigated whether encrypted trading platforms were suspected of violating the foreign exchange transaction management law, and executives of encrypted exchanges including CoinSwitch Kuber were summoned.