According to the Indian Enforcement Agency, its Bangalore branch conducted searches at three locations in Bangalore and Madhya Pradesh on October 27, 2026, under the Foreign Exchange Control Act, regarding suspected unauthorized cross-border cryptocurrency financial transactions. The transactions involved approximately 500 billion rupees (about US$5.244 billion). The investigation revealed that the transactions involved shell companies in tax havens, large-scale over-the-counter transactions, and illegal overseas payments through platforms such as Binance and Bybit, suspected of violating the Foreign Exchange Control Act. https://(wublock123.com)/news/india-enforcement-probe-5000-billion-rupee-crypto-cross-border-transactions-searches-70998