Bitcoin ban may lead to massive brain drain in India

On September 16th, the Indian government is considering a legal proposal to criminalize domestic cryptocurrency investment. At present, some Indian cryptocurrency companies tend to move their companies out of India. It is reported that the chief of blockchain research company Crebaco Global Inc. Executive Sidharth Sogani predicts that if India finally bans the use of cryptocurrencies, India will lose about $12.9 billion in market value.