[Indian Enforcement Agency Investigates 500 Billion Rupees in Cross-Border Cryptocurrency Transactions, Searches 3 Locations] According to Jinse Finance, on October 30th, the Indian Enforcement Agency disclosed that its Bangalore branch conducted searches on October 27th, 2026, under the Foreign Exchange Control Act, at three locations in Bangalore and Madhya Pradesh, involving suspected unauthorized cross-border cryptocurrency financial transactions. The transactions are estimated to be worth approximately 500 billion rupees (about US$5.244 billion). The investigation found 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.