PoliticsPhoto: NDTV BusinessED Searches Mudrex, Saber.money Over Rs 5,000 Crore Crypto Transfers
The Enforcement Directorate (ED) conducted searches at three locations in Bengaluru and Madhya Pradesh regarding unauthorized cross-border cryptocurrency transactions exceeding Rs 5,000 crore. The investigation revealed the use of shell companies in tax havens, large over-the-counter deals, and illegal foreign payments through platforms like Binance and Bybit, violating FEMA regulations.
NDTV Business··Bengaluru


