India’s Enforcement Directorate, or ED, has searched premises linked to crypto platforms Mudrex and Instadapp, according to a Techub News brief citing Crypto.news. In a press release issued on Oct. 29 in Indian Standard Time, the agency said the investigation concerns alleged cross-border cryptocurrency transactions. The amount involved was stated to be more than $525 million. The brief did not provide additional details on the locations searched, the scope of the action, or whether any charges had been filed. The report identifies the matter as a regulatory and enforcement development involving two crypto-related platforms operating in India’s market context.
India’s Enforcement Directorate (ED) has searched premises linked to crypto platforms Mudrex and Instadapp, according to a Techub News item that cited Crypto.news.
In a press release issued on Oct. 29 in Indian Standard Time, the ED said the investigation involves alleged cross-border cryptocurrency transactions worth more than $525 million.
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