BusinessPhoto: Prabhat KhabarCrypto Cards Bypass Rules, Enable Shopping in India But Money Goes Abroad
Crypto cards linked to foreign crypto wallets allow transactions bypassing Indian banking rules. These cards look like debit cards but operate differently, enabling digital payments outside RBI regulations. While UPI dominates India's digital payments, crypto cards raise RBI concerns due to money flowing abroad through these foreign platforms. Crypto wallets store cryptocurrencies like Bitcoin and Ethereum, facilitating such transactions.
Prabhat Khabar·




