Twice in the Twitter thread, CoinSwitch Kuber CEO Ashish Singhal sought to clarify that the “engagement with the ED” is not about money laundering. CoinDesk has reported the searches have been in connection with India’s Foreign Exchange Management Act (FEMA).
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Bank of England sounds alarm on stablecoin oversight issues
The Bank of England’s Financial Policy Committee (FPC) said in its April 2025 record that while stablecoins continue to grow...