Binance CEO Changpeng Zhao, in an interview with ET, said that due to regulatory inconsistency and lack of information in India about crypto exchanges, it may miss out on many $50-100 bn companies. It may cause an adverse impact for companies relying on financial services and make these industries dependent on global service providers instead. Zhao said they have blockchain tech to prevent scams, as only 0.01% of such activities have happened on Binance.