Why Offshore Crypto Cards Are Facing RBI and FIU Scrutiny in India
Key Highlights: The Reserve Bank of India (RBI) and the Financial Intelligence Unit-India (FIU-IND) are scrutinizing offshore cryptocurrency cards over potential violations of domestic payment frameworks and the Foreign Exchange Management Act (FEMA). Global payment networks Visa and Mastercard are reportedly in discussions with Indian regulators regarding offshore crypto-linked cards, such as those issued by ...