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Indian authorities, including the Reserve Bank of India and the Financial Intelligence Unit, are reportedly increasing scrutiny of offshore crypto cards used by residents to make everyday purchases or withdraw cash.
Pushpendra Singh, a crypto educator and blockchain enthusiast, highlighted these developments online.
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Pushpendra Singh has previously commented on significant layoffs at major tech firms, reporting that Netflix plans to reduce its workforce by about 1,000 employees. He has also described recent steep declines across asset classes such as gold, silver, stocks, and Bitcoin. Singh's observations highlight ongoing developments affecting both traditional and digital markets.