Crypto payments abroad may be legal despite domestic bans in several countries
Countries that ban crypto payments often have no restrictions on using crypto abroad, but such legal overlaps may attract scrutiny from global regulators like the FATF.
The popularity of stablecoins for cryptocurrency payments has increased in recent years, with many global companies embracing new payment methods.
Despite the trend, crypto payments remain prohibited for retail users in multiple countries, including China, Indonesia, Russia, Turkey and others.
Still, while domestic crypto payments may be banned in these jurisdictions, using cryptocurrency to pay for services abroad may be legally permissible, according to some legal experts and observers of crypto regulation.
