Most importantly, Bitcoin is not controlled or owned by any individual, corporation, or government. Bitcoin was once regarded as an ideal system for small electronic payments - so-called micropayments - as it is difficult to transmit small amounts of currency efficiently with existing systems. Crypto coins allow individuals to make payments. WazirX has disputed Binance’s claims, saying Binance indeed acquired the startup in 2019. The debacle has come as a surprise to the industry, which celebrated the acquisition in 2019 as a watershed moment for the Indian crypto ecosystem. Are you a startup or entrepreneur looking to enter the token development market? Keep in touch with crypto news - Be updated on the crypto market and Read Full Report magazines, news, and stories to be aware of the market. But, surprisingly the blanket ban has not stopped the Colombians from investing into Crypto. But, with minimal effort, anyone can configure it to point towards BNB Smart Chain.