India’s RBI and FIU review offshore crypto cards like RedotPay over rupee payments
AI summary
India's central bank, the RBI, and the Financial Intelligence Unit are reportedly scrutinizing offshore crypto cards such as RedotPay that are used to make rupee payments. The review follows user reports of payment disruptions and legal concerns around these products. Traders should watch for potential restrictions on crypto-linked payment rails in India, which could affect access to rupee on-ramps and off-ramps.
