India’s Enforcement Directorate raids Bengaluru crypto payment firms over ₹2,500 crore cross-border transfer allegations

India’s Enforcement Directorate searched six premises linked to five Bengaluru-based crypto payment firms over alleged unauthorized cross-border transfers totaling more than ₹2,500 crore. The probe focuses on fiat on-ramp and off-ramp operators that investigators say were used to move money overseas without authorization.