Indians can use crypto to buy groceries, fuel and gold through overseas gift-card platforms
· economictimes.indiatimes.com
Indians can use cryptocurrencies to buy goods and services domestically through overseas fintech platforms that convert stablecoins and other virtual digital assets into gift cards and vouchers. The mechanism, involving foreign platforms and Indian voucher partners, has drawn regulatory attention over potential gaps in cross-border payment, tax and AML oversight.
Overseas platforms turn Indian users’ crypto into gift cards and vouchers that can be used here
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