🚀 Business & Startups🇮🇳 India
ED Raids Five Bengaluru Crypto Platforms Over Illegal Cross-Border Transfers
Inc42 Media·Monday, 22 June 2026
India's Enforcement Directorate searched premises linked to five Bengaluru-based crypto platforms over alleged unauthorised cross-border fund transfers. The raids signal tightening scrutiny of crypto firms operating in India. No arrests or further details were confirmed in the report.
Why It Matters
If you use crypto in India, this is a direct signal that regulators are watching cross-border transactions very closely. The crackdown could affect how these platforms operate.
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