THE BLOCK: India's USDT premium tops 8.5% after Enforcement Directorate raids tighten local supply

THE BLOCK: USDT is trading at a premium of more than 8.5% in India, over twice its usual range, after a local supply squeeze emerged following Enforcement Directorate searches of crypto-linked remittance firms, The Economic Times reported. Separately, a Parliamentary Standing Committee on Finance meeting with the Reserve Bank of India on July 2 is scheduled to take up the country's next steps on crypto regulation.