India's crypto sector faces a new crisis as the Enforcement Directorate probes four firms for unauthorized foreign money transfers using digital coins. This action highlights potential breaches of foreign exchange laws, even when the underlying funds are legitimate. The move could significantly impact crypto exchanges' ability to source offshore liquidity, raising concerns about cross-border virtual asset transactions and their compliance with FEMA regulations.
India's crypto sector faces a new crisis as the Enforcement Directorate investigates four firms. The probe focuses on unauthorized foreign money transfers using digital coins, potentially breaching foreign exchange laws. This action could severely impact crypto exchanges'…
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