Indian Cryptocurrency firms don’t have a plan B in case of a complete ban on crypto trade
No Plan B
“As an industry, we are in sync with the fact that INR is the only legal tender in India. We need to have faith in our lawmakers,” said Nischal Shetty, Founder, WazirX
“Govt will embrace regulations instead of prohibitions, Gaurav Dahake,” Bitbns CEO said. We are not putting in any efforts for any kind of alternate plans,” he said.
Most crypto firms are incorporated abroad and a ban would lead to immediate loss.
In that case, some would have to transfer operations abroad.
