India’s ED Probes Mudrex, Instadapp Over Alleged FEMA Violations

India’s Enforcement Directorate (ED) has carried out searches in Bengaluru and Madhya Pradesh as part of its investigations into alleged cryptocurrency-based cross-border transfers bypassing the legitimate Reserve Bank of India (RBI) remittance channels.  The probes into Mudrex/Saber.money and Instadapp/Fluid relate to suspected violations of the Foreign Exchange Management Act (FEMA), 1999, with alleged transactions exceeding […] Read The Full…