Further, the report mentions that these platforms have developed alternative remittance routes after RBI banned the use of international debit and credit cards and merchant category codes for forex trading overseas. Some of them even accept payments through international wallets such as Skrill, Paypal, and Neteller, funded by the resident customer using a debit or credit card.
In other cases, these platforms accept payments using bitcoins and other cryptocurrencies to avoid any money trail. Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image. You are now subscribed to our newsletters. View Full Image. Premium Premium New airports to come up as multi-modal mobility hubs. Premium Top picks: 14 stocks to accumulate over next months Premium Agnipath: Army issues notification, click for registrat Premium India's largest food service company fixes record date Premium RIL, 2 execs fined over Facebook deal news.
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|Odoyo aircoat folio investing||RBI noticed that these platforms offered a derivative product called contracts for differences CFD during the lockdown period. Your Reason has been Reported to the admin. Exclusive invites to Virtual Events with Industry Leaders. But how fast can it scale? CFD is an arrangement made in financial derivatives trading where the differences in the settlement between the open and closing trade prices are cash-settled. Stock analysis. Subscribe to Mint Newsletters.|
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