Sankalp Shangari talks about the Future of LALA World and the recent ‘Crypto Ban’ From India’s Central Bank on the “Official LALA World Telegram”

“I wanted to shed some light on recent crypto announcements and how they DON’T really effect us.

We have been planning for this for months. This was coming. Always.

That is why we are very close to regulators where we operate. Allow me to explain. We are a Fiat Wallet. We are not a crypto Wallet.

Fiat wallets need e-money licenses (also called Wallet licenses or PPI or digital wallets)in other jurisdictions.

If we operate crypto under these licenses wallets, banks and regulators do not entertain us

in many countries. Hence the Fiat wallet.

Crypto wallets only operate as an App, not licenses wallets.

You can hardly convert Fiat to crypto and back except in extreme cases like Coinbase. Others all crypto to crypto. So this and other regulatory announcements are good for us.

We have been thinking forward. People and companies talking about Decentralised today and crypto banking today, have hardly any business today.

Day and night we are working to stay here 50 years from now. So long term thinking is important. I could’ve easily said “oh sorry government came with this, came with that” but with your support and our proactive thinking, I am saying “we are good. Well done to lala team”.

It’s not easy to build a global wallet. We are accomplishing the impossible here. Using blockchain technology not cryptos.

How we use lala token to incentivize you will see shortly yourself, within this month. One by one on every product. All we ask is your support. Please don’t expect results overnight. What we have build in 3 months, no one is even close. We are all here for a noble cause let’s not forget this in daily crypto rumblings.

Haven’t let you down, won’t let you down. Allow us to make mistakes and learn from them. Like the famous Chinese philosopher Confucius (551 to 479 BC) says — only through training and repeated rituals we respond well….at the beginning of our lives (or the lie of a company) one responds through emotions, and then learns and becomes a better person. Happy person. And happiness is nothing but creating goodness around you.

LALA is creating goodness in the world.