🇮🇳 RBI now wants banks to report all offshore INR derivative trades globally (Singapore, London, Dubai, etc.) crypto investors should watch closely. This is not just about forex, it’s about control and visibility. During the March 2026 rupee crash, offshore NDF markets allowed traders to bet against INR outside RBI oversight. Crypto stablecoins do the same thing. Buying USDT with INR via P2P/UPI is basically a quiet INR-to-USD conversion outside the formal banking system. That’s the “blind spot” RBI wants to eliminate. With CARF reporting coming in 2027, India is clearly building the infrastructure to track crypto flows the same way it tracks forex.(Crypto India)