FILE PHOTO: The searches came under FEMA 1999 in the case of large-scale unauthorised cross-border financial transactions involving crypto token derivatives and Real World Asset tokens.
| Photo Credit:
BENOIT TESSIER
The Enforcement Directorate in Bengaluru has conducted a search at three premises linked to Neblio Technologies Pvt. Ltd. (parent company of CoinDCX) and Excelium Technologies Pvt. Ltd, which runs the Delta Exchange, under FEMA 1999 in the case of large-scale unauthorised cross-border financial transactions involving crypto token derivatives and Real World Asset tokens.
In a statement, Neblio said, “Officials from the Enforcement Directorate visited our Bengaluru office as a part of a routine enquiry. We fully cooperated with the authorities and provided all necessary information and assistance.
The company added, “As an entity registered with FIU-IND, we regularly assist law enforcement agencies with their inquiries. We remain committed to the highest standards of governance and are compliant with all applicable Indian laws including FEMA (1999)”.
Published on November 6, 2026
