scorecardresearchAfter cryptos, forex apps woo investors amid unclear regulations: Report

After cryptos, forex apps woo investors amid unclear regulations: Report

Updated: 02 Sep 2022, 11:12 AM IST
TL;DR.
More than half a dozen apps, offered by brokerages registered in distant jurisdictions like St. Vincent and the Grenadines, a Caribbean tax haven, and the British Virgin Islands (BVI) are peddling their online services
Indian laws allow only authorised dealer banks and firms having a forex trading licence to deal in foreign currencies

Indian laws allow only authorised dealer banks and firms having a forex trading licence to deal in foreign currencies