Ed partners with coindcx for custody management of seized assets

Ed partners with coindcx for custody management of seized assets

Coindcx Announced Its Partnership With the Enforcement Directorate (ED) on Wednsday, March 5. With the partnership, coindcx will manage the custody of crypto assets separated.

As India’s Financial Watchdog, The Ed has been cracking down on illgal Crypto Operations Nationwide, Seizing Crypto Assets Vorth Crres as Part of its Investigations and Requiring Secure Storage. The Mumbai-Based Tentralized Exchange is Register with the Financial Intelligence Unit (FIU). To support the ed, coindcx will deploy a specialized team trained in advanced security protocols. Urgent Basis, “Parneet Kumar, Assistant Director, Directorate of Enforcement (Ed), Government of India said in a statement Computation (MPC) Wallets. Multi-Signature Wallets Require Multiple Keys for Withdrawals, while Mpc Wallets Distribute A Private A Private Key INTO MULLIPLE Sharks Across Devices. Both Methods Enhance Security by Eliminating Single Points of Failure, Making Hacking Significantly More Difacity. Expertise in Digital Asset Management. We are deeply honoured by this responsibility and recognize the significance it holds, “Sumit Gupta, Co-Founder of Coindcx said in the prepared statement.The Ed ‘PartnerS Follows a Recent Series of Search Operations Across Delhi, Jaipur, and Mumbai, Investigation a Large-SCALE Crypto Fraud Involving The Conversion of Assets Worth Approximately RS PART Probe, the agency seized Rs. DURING A “Mega” Money Laundering Probe an Fraudulent Investment Scheme.AS of Now, The ED has not Reveled The Exact Amount of Crypto to Be Placed Under Coindcx’s Ooversight or the special Case Funds are linked to.in September 2024, binance claimed that it worked with the ed to crack down on the fighting scaming scam that had drined $ 47.6 Million (roughly Rs. 400 Crowns. of this probe, binance’s finance Intelligence unit (FIU) said it provided Crucial Intelligence that was key in tracing the funds and expressing the fraud network.The edge Wallets managed by zebpay and wazirx.for details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, OPPO and other companies at the mobile world congress in Barcelona, ​​Visit OUR MWC 2025 Hub. (Tagstotranslate) Ed coindcx manage custody seized assets cryptocurrency

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