
We welcome the reported examination by the Government of India, the Reserve Bank of India (RBI) and FIU-IND into offshore crypto-funded payment channels operating in India. In August 2026, Digital South Trust independently tested crypto-funded cards used for everyday payments in India and submitted its research findings and transaction evidence to the RBI and FIU-IND for further examination. Today's Economic Times highlights our research and the emerging regulatory scrutiny of offshore crypto cards, including payments funded through cryptocurrencies and dollar-backed stablecoins. We welcome further examination of these payment channels, particularly their implications for cross-border fund flows, regulatory oversight, transaction transparency and India's financial sovereignty. Digital South Trust remains committed to independent, evidence-based research that supports informed policymaking and India's financial security. @RBI @FinMinIndia @mygovindia Read the Economic Times report: https://t.co/UXwkNvmmYZ #DigitalSouthTrust #CryptoCards #RBI #FIUIND #Stablecoins #CryptoRegulation #DigitalPayments #India
