🚨 BREAKING: 🇮🇳 Indian authorities are examining offshore crypto-to-gift-card channels that allow Indians to convert crypto into vouchers to spend on groceries, fuel, food, mobile recharges and even gold.
The crypto-to-gift-card mechanism is raising tax, AML and cross-border payment concerns as it allows spending without traditional banking rails.
Source: ET
September 8, 2026 182 1
