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India’s USDT premium doubles as regulatory action tightens supply – TON BOT

India’s USDT premium doubles as regulatory action tightens supply

India’s USDT premium has surged to over 8.5% due to enforcement action against crypto remittance firms disrupting the supply of the stablecoin. Authorities allege firms facilitated unauthorized cross-border transfers totaling over 2,500 crore rupees using USDT. Regulators are tightening oversight of India’s crypto market through various measures, including AML checks.


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