India's ED just raided crypto ops in Bengaluru & Madhya Pradesh over ₹5,000 crore (~$600M) in suspected illegal cross-border flows.
$BNB $BTC users on Binance & Bybit are in the crosshairs for FEMA violations.
No charges yet, but this is classic regulatory pressure building. If you're trading from India through these CEXs, tighten up your KYC and withdrawal trails.
Watch for potential liquidity exits or panic selling from Indian whales if this escalates. Regulatory FUD can move markets fast in Asia.
$BNB $BTC users on Binance & Bybit are in the crosshairs for FEMA violations.
No charges yet, but this is classic regulatory pressure building. If you're trading from India through these CEXs, tighten up your KYC and withdrawal trails.
Watch for potential liquidity exits or panic selling from Indian whales if this escalates. Regulatory FUD can move markets fast in Asia.