PoliticsPhoto: Amar UjalaED Raids Over Unauthorized Cross-Border Crypto Transactions
The Enforcement Directorate (ED) conducted raids in Bengaluru and Madhya Pradesh on October 27 targeting unauthorized cross-border financial transactions using crypto and stablecoins. The ED investigation focused on RPFAAS Technologies Pvt Ltd, operating 'Mudrex' and 'Saber.money' platforms, which allegedly violated FEMA 1999 rules by facilitating illegal cross-border payments via crypto tokens like USDT and USDC, bypassing authorized channels.
Amar Ujala··Bengaluru




