ED Probes Unauthorised Cross-Border Crypto Transfers Worth ₹4,940 Cr
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The Enforcement Directorate (ED) has launched investigations into alleged violations of the Foreign Exchange Management Act (FEMA) involving crypto platforms Mudrex and Saber.money, as well as decentralised finance (DeFi) protocol Instadapp and its associated platform Fluid, over alleged unauthorised cross-border fund transfers worth more than ₹4,940 Cr.
The agency said its Bengaluru Zonal Office conducted searches at three premises in Bengaluru and one in Madhya Pradesh on October 27 under Sect
The agency said its Bengaluru Zonal Office conducted searches at three premises in Bengaluru and one in Madhya Pradesh on October 27 under Sect
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