Drivezy, An Indian firm having uber-like business is planning an Initial Coin Offering. India is a very different market. Politicians, who understand nothing beyond infrastructure contracts and real estate have been silent on the development and acceptance of bitcoins. On one hand they have plans to launch lakshmi but are not able to take clear stand on bitcoins.
This ICO raises several questions, primarily because cryptocurrencies operate in a grey area in India. Unlike regulators in the US, China or Japan regulators in India have no firm stand. So it comes as no surprise that the ICO of Drivezy will be launched in Japan and open to accredited investors only. That way, Drivezy can stay clear in case Indian regulators come out with sweeping regulations against crypto tokens in India.
