Cryptos attract investors as these offer higher returns than those of conventional assets. Already, we have discussed three routes to invest in cryptos — ETFs, deposits, and SIPs. There are non-investment uses of cryptos, though it is a grey area legally.

There are individuals who freelance for foreign clients and accept payments in cryptos. There are two benefits — fast delivery and lower costs of transactions. There are no intermediaries in crypto payment networks.

There are online content creators and publishers. They run small portals. They have to receive ad money, small ticket transactions. They tend to use cryptos.

In travelling, people tend to use cryptos. There are a number of Bitcoin ATMs.

These uses are not favoured by the RBI. The transactions may violate the reporting framework for such-cross-border transactions.