Crypto Cards Under RBI Watch as Indians Use Offshore Wallets
Offshore crypto cards let Indian residents spend digital assets on domestic purchases and withdraw cash. The RBI and the Financial Intelligence Unit are now scrutinising them. Several users have reported their cards being deactivated in recent days, and authorities are understood to be examining the issue further.
Context
Context: The RBI has long been cautious about digital assets, and the Financial Intelligence Unit tracks suspicious money flows. Card providers may face tighter checks as a result.
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