#Enforcement Directorate

Highlights: USDT traded above an 8.5% premium in India after local stablecoin supply tightened sharply. ED action against alleged unauthorized crypto transfers made liquidity providers reduce USDT inflows into India. Some NRIs used USDT for faster rupee transfers, but India’s […]

Highlights: India’s ED seized nearly $190 million in crypto and assets linked to BitConnect crypto fraud. The ED traced illicit funds through dark web transactions, wallets, and IP analysis.  Kumbhani and associates allegedly amassed crypto illegally, violating financial regulations. Indian […]