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CoinDCX denies transferring user funds to a non-compliant entity in Lithuania.
The CEO of the Indian encryption exchange CoinDCX, Sumit Gupta, denied the allegations made by WazirX that it transferred user funds to a non-compliant entity in Lithuania. Gupta stated that CoinDCX users’ rupees and encryption assets have always been held by the compliant Neblio Technologies, which is registered in India, and that no entity has been established or business conducted in Lithuania. (CoinDesk)