Quote from: akhjob on May 30, 2020, 10:32:16 PM

Quote from: siddartha1492 on May 30, 2020, 06:14:19 PM

I'm personally a bit cautious of Indian origin tokens, especially the projects where team operates from India. Even though Supreme Court ruled in favour of crypto exchanges, cryptocurrency itself is not legalized or regulated. It is still in gray area. If India passes anti-cryptocurrency bill, then all these tokens are going to zero, so there is quite some risk. But for short term profits, it is fine I guess.

Yeah it's true that some of the India based tokens are scams and it's good to be cautious about it. But in this case, if you are cautious about WRX coin, you have to be cautious about BNB and Binance too. Because, WRX coin is a token of WazirX exchange which has been acquired by Binance. So, if WRX end up being a scam, BNB will follow.

It's not about the token being scam or team being fraud. But simply that if Indian Govt. totally bans crypto, then it will be a problem for WazirX team which will obviously transfer to the coin also.