Markets◆ Mixed
ED Searches Mudrex, Saber.money Under FEMA Over Alleged Rs 5,000 Crore Crypto Transfers
RBI is in focus.
· NDTV Profit
The ED alleged that the entity advertising the ability to transfer cash across borders via cryptocurrency despite not being authorised by the RBI to do so.
The analysis
RBI reported Rs 5,000 Crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.