Reading the Whitepaper you can really get the pride of this project. First lets get to know what Cryptoriya is!
Cryptoriya; A Global decentralize network of Cash-Out Any CryptoCurrency! Zero Fees, Peer to Peer & Peer to Exchange based on deep research. -whitepaper
With all this how do Cryptoriya earn? Basically you will buy the Cryptoriya Card, either the regular or the luxury versions. There are charges on certain transaction but all in all it is highly convincing. The no KYC feature of Cryptoriya is something that most investors are looking for since they want to maintain their anonymity. Another issue is on taxes. With Cryptoriya, you will not need to be afraid of spending your cryptocurrency to buy or exchange for cash, anytime, anywhere.
For the issuance of cards i believe there will be KYC. It is important and i think ive read it also in their whitepaper. Ya right. Since cryptocurrency is not taxable so users will be exempted from taxes. Another good thing also is they will be accepting thousands of cryptocurrency which will favor crypto users.
No KYC needed for regular debit card but there will be remote KYC for the luxury debit card. If the transaction really doesn't involve banks, then there is a possibility of tax free transaction BUT even remittances or money transfer transactions usually have doc stamp though that's very minimal percentage.