Why Offshore Crypto Cards Are Facing Scrutiny from RBI and FIU in India
Key Highlights: The Reserve Bank of India (RBI) and the Financial Intelligence Unit (FIU-IND) are scrutinizing offshore crypto cards for potential violations of foreign exchange and domestic payment regulations. Visa and Mastercard are reportedly in discussions with Indian regulators over crypto-funded cards issued by offshore entities that circumvent domestic PPI authorization and KYC protocols. Indian ...