CEO of the Indian Cryptographic Exchange: regulation in the field of cryptocurrency is important, not a comprehensive ban

According to AMBCrypto, India's "draft" on banned cryptocurrencies shocked the entire encryption community. Due to the lack of transparency in the regulatory environment, the Indian cryptocurrency ecosystem is currently on the sidelines. Nischal Shetty, CEO of WazirX, a cryptocurrency exchange in Mumbai, India, said on Twitter that regulation in the cryptocurrency sector is important, not a comprehensive ban that only stimulates money laundering.