Hey guys, I am an NRI with an SBI NRO bank account that contains funds.
I want to send these funds to Canada, but I've heard the fees are too much to do this.
I was considering doing this with Bitcoin by buying BTC on an Indian Exchange and then selling them on a Canadian Exchange.
Does anyone have any experience, knowledge, or advice on this matter?
My suggestion is don't use Bitcoins to remit money. There are FEMA laws governing remittances out of India. Also it is out of the banking channel that can be termed as Hawala.