Apisit PakdeemekhanonJun 04, 2022 · 3 years ago3 answers Is it possible to use Bitcoin or other cryptocurrencies to transfer funds from India to the USA?
I am wondering if it is feasible to utilize Bitcoin or other cryptocurrencies as a means to transfer funds from India to the USA. Can cryptocurrencies be used to bypass traditional banking systems and international wire transfers? Are there any legal restrictions or regulations that need to be considered? What are the advantages and disadvantages of using cryptocurrencies for cross-border fund transfers? How does the process work and what are the associated fees? I would appreciate any insights or experiences regarding this matter.