India Probes Crypto Firms Over Alleged Unauthorized INR 25 Billion Transfers

India's financial authorities are investigating cryptocurrency companies over allegedly unauthorized transactions totaling INR 25 billion (approximately $330 million USD).

The investigations, which began in December 2022, aim to determine whether these firms have complied with the country's anti-money laundering regulations.

No further details were provided on the specific companies being probed or the timeframe for completion of the investigation.