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India Cracks Down on Crypto Firms as USDT Premium Surges 8.5%

India Cracks Down on Crypto Firms as USDT Premium Surges 8.5%

ZeroHedge / CoinDesk·29 June 2026

Indian authorities raided six crypto payment firms in Bengaluru, alleging $265 million in unauthorized cross-border transfers via stablecoins, causing Tether's USDT to spike to an 8.5% premium as supply channels were choked off. This crackdown reflects a global pattern of governments tightening control over digital financial flows — a key step toward the centralized monetary surveillance and control that end-times prophecy warns will precede a one-world economic system. Revelation 13:17 describes a coming age where no one can buy or sell without government authorization — and every move by nation-states to regulate, restrict, or monitor digital currency edges the world closer to that reality.