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India Bans Crypto
**India Bans Crypto**


“If they ban the use (of cryptocoins), which probably means that people won’t be able to buy or sell, then the exchanges will have to shut down,” said Shubham Yadav, co-founder of Coindelta, an Indian cryptocurrency exchange. “I am sure one by one all the law enforcement agencies, such as the income-tax department, may come after us, which will make things worse for the industry.”
Shifting the business to foreign locations can be a daunting task for many exchanges because of the higher costs involved and the intense competition in crypto-friendly geographies. Hence, only the relatively bigger exchanges could choose this option.



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