The Enforcement Directorate alleged that RPFAS Technologies Private Limited advertised instant cross-border money transfers using cryptocurrencies without receiving required authorization from the Reserve Bank of India.

From the articleED searches premises linked to Mudrex, Instadapp over alleged ₹4,600-crore FEMA violationsAlso in Mudrex, Instadapp face ED searches in $525 million crypto probe, ED raids entities in Bengaluru, Madhya Pradesh for sending funds abroad using crypto