Indian authority searched offices of a16z-backed CoinSwitch Kuber

India’s financial crime-fighting agency searched premises of the Bengaluru-headquartered crypto exchange startup CoinSwitch Kuber over suspicion of violation of the South Asian market’s local foreign exchange management act, two people familiar with the matter said.
The Enforcement Directorate searched the premises on Thursday and spoke with the financial team as well as co-founder and chief executive Ashish Singhal, the people said, requesting anonymity as the matter is private and sensitive. The move follows ED’s similar probes into the premises of crypto firms WazirX and V

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