#fema

Rs 4,600 crore moved out through stablecoins, ED says after raids on Mudrex-linked offices

The Enforcement Directorate searched three premises in Bengaluru and one in Madhya Pradesh in a FEMA case against RPAS Technologies, which runs Mudrex and Saber.money. Its preliminary finding: unauthorised cross-border transfers and foreign crypto balances above Rs 4,600 crore.