ICO scene in India

[chetanbhawani]

Someone investing in ICOs anyway would know the risks involved, so they need not worry. The ICO developers on the other side might also be prepared for the wrath if that happens. I am sure the ICOs are ready to shift their locations to outside the country if the regulations are tough, though I am hopeful it won't be too harsh.

[panovaba]

But I have a doubt. Why should government be strict against ICO team in India? If they pay tax properly then why should government trouble the ico team? I cant understand why people are saying starting ICO from India is not allowed. Can someone explain this clearly.

[buddhasource]

ICOs are rare from Indian, most of them are scammers. I had recently taken part in the private sale of SpringRole ICO.

I believe SpringRole is backed by a great team. Public ICO will begin soon.
Check out https://springrole.com/token-page.html

[mohucool]

But I have a doubt. Why should government be strict against ICO team in India? If they pay tax properly then why should government trouble the ico team? I cant understand why people are saying starting ICO from India is not allowed. Can someone explain this clearly.

Yes because there are too much scams in market and ICO's are not regulated , and doing business in India is already tough due to legal and compliance issues.

[icosonar]

How is the ICO scene in India? Are people investing in ICO's and also any local ICO out there or coming up?

I have not found any ICO beings launched by any of the Indian companies yet. I think since Indians have not launched their own coin yet due to which their is no ICO as of now. Also China has ban the ICO happening in their country citing reasons as it is illegal and all who have raised ICO for their coins are asked to reverse the money to investors back.

Swachh Coin came up with ICO in India.

[eaLiTy]

Swachh Coin came up with ICO in India.

Never heard about this project at all and there wont be any crypto related projects coming out of the country as there is no regulations and there is no clarity on how the government is going to deal with this market, the only things that are coming out are scams and it looks like a scammers heaven and you cannot trust any crypto related projects coming out from India even if they are registered in Hong Kong or Singapore as i have not seen any legit projects which are useful and meaningful.