Indians can use cryptocurrencies to buy goods and services domestically through overseas fintech platforms that convert stablecoins and other virtual digital assets into vouchers and gift cards. The mechanism, involving foreign platforms and Indian voucher partners, has drawn regulatory attention over potential gaps in cross-border payment, tax and AML oversight.

Indians can use cryptocurrencies to buy goods and services domestically through overseas fintech platforms that convert stablecoins and other virtual digital assets into vouchers…

Indians are buying groceries, fuel, food and gold via gift cards on overseas crypto platforms. This and more in today's ETtech Top 5.