- Hotline +65 6631 8332
Home Is crypto card available in India?
13 Sep 2023 By PAYCEC
As of the latest information available, the availability of crypto Visa cards in India is subject to the regulatory framework governing cryptocurrencies.
Understanding the Regulatory Landscape:
In the past, concerns related to money laundering, tax evasion, and the potential use of cryptocurrencies in illegal activities led to restrictions on services related to crypto Visa cards in India.
Regulatory Developments:
Recent years have witnessed a shift in India's approach towards cryptocurrencies. Discussions and proposals for potential regulations have emerged. Regulatory authorities are exploring ways to bring clarity and oversight to the crypto space, which includes crypto cards.
Impact on Crypto Cards:
The past regulatory constraints directly affect the issuance and use of crypto Visa cards in India. Financial institutions and card providers faced uncertainty about the legal status of cryptocurrencies, leading to cautious or restricted offerings.
Caution Advised:
Individuals interested in using crypto cards in India should exercise caution and stay informed about regulatory changes. Users must choose service providers that adhere to legal requirements, including Know Your Customer (KYC) and anti-money laundering (AML) norms.
International Usage:
Some international crypto card providers offer their services to Indian residents, allowing them to use cryptocurrencies for payments and withdrawals abroad.
Read more:
Have other questions?
If you need further assistance or answer, please don't hesitate to contact us.
who we are
about us
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.
+65 6631 8332
Processing