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The Economic Times
The Economic Times

ED case against five Bengaluru-based entities for 'unauthorised' cross-border crypto transactions

ED Crypto Bengaluru FEMA the Enforcement Directorate Cryptocurrency RBI

The Enforcement Directorate (ED) on Friday said it initiated a FEMA investigation against five Bengaluru-based companies alleged to have undertaken cross-border transactions worth Rs 2,500 crore using cryptocurrency without due authorisation from the RBI.

The central agency conducted searches at six premises in Karnataka's capital city on June 17.

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