The CEO of Zebpay, which left India due to banking restrictions, says the rumored cryptocurrency blanket-ban is unlikely to happen. Ajeet Khurana was talking as the company announced the opening of a new headquarters in Melbourne, Australia. 


Nobody Who Could Ban It Has Said They Will

Speaking to Australian news site Micky, Khurana said that he had heard of the rumored ban through various media outlets. However, over the past year, he has met with all the top stakeholders in the Ministry of Finance, the central bank, and securities regulators. Despite a certain level of apprehension around crypto in some quarters, he has never heard talk of banning it:

…it’s very interesting that the people who could ban it, have never said they will ban it.

Of course, it’s easy to draw such conclusions when you no longer have skin in the game.

India's Supreme Court to Issue Final Ruling on RBI Cryptocurrency Ban in September

Zebpay Ceased Trading In India Due To RBI Ban

As Bitcoinist reported, last October Zebpay shut up shop in India and moved to the more crypto-friendly climes of Malta. It had previously been…

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Source: https://thebitcoinnews.com/india-cryptocurrency-ban-unlikely-says-ceo-of-exiled-zebpay/