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