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Is the FEMA limit same as LRS?
FEMA limits are subset of LRS. Also only individuals are allowed to remit under LRS. Corporates, partnership Trusts, cannot remit under LRS.
Is there any way to cross the limit?
Yes, get an RBI approval.
Would you mind sharing your CA contact details? I have been looking for one
He is employed, isn't a practicing CA. So sorry about that.
P.S. Availing LRS is only allowed at "Authorized Dealers" and our govt. won't be happy if we acted as our own bank. It's suggested keep your transaction super low internationally if you don't have exit plan planned in advance. Haha its fascinating to discover how cryptos have disrupted existing fiscal regulations.