#India Enforcement Directorate

June 20, 2026

India ED Raids Bengaluru Crypto Firms in ₹2,500 Crore FEMA Probe

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India’s ED raided Bengaluru crypto firms in a ₹2,500 crore FEMA probe, with USDT-driven cross-border transfers, OTC trades, and shell entities now under the microscope. Stablecoins are useful, but sloppy compliance can turn “innovation” into a regulatory beatdown.

#USDT #Stablecoin Transfers #India Enforcement Directorate #FEMA

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June 20, 2026

India ED Targets Crypto On-Ramps and Off-Ramps in Cross-Border Probe

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India’s Enforcement Directorate is probing crypto on-ramp and off-ramp firms in a cross-border case, zeroing in on the money bridges where laundering, fraud, and evasion often hide.

#AML #India Enforcement Directorate #On-Ramps #Off-Ramps

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