cryptohunter
Active member
- PPF Points
- 2,738
Yes, funds held in an offshore bank account can be used to pay for goods and services in the account holder's country of residence, provided that the necessary arrangements have been made with the bank and the funds are transferred to the account holder's domestic bank account. However, there may be restrictions on the type of transactions that can be made using an offshore bank account, such as restrictions on the transfer of funds to certain countries or for certain purposes, as well as reporting requirements for certain types of transactions.
