Bengaluru, June 19 (IANS) The Directorate of Enforcement (ED), Bengaluru Zonal Office, has conducted searches at six premises in Bengaluru in connection with alleged large-scale violations of the Foreign Exchange Management Act (FEMA), 1999, involving unauthorised cross-border money transfers through Virtual Digital Assets (VDAs), commonly known as cryptocurrencies, an official statement said on Friday.The searches were carried out on June 17 under Section 37 of FEMA at the premises of several f…
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