What do you do when all those you interact with in your business are suddenly made out of your bounds? You search desperately for a place where transactions with your ecosystem are permitted. The path for ICO projects There are a few blockchain destinations that are attracting the Indians – each with its own pluses and minuses. Singapore, Estonia, the UK, Switzerland, and Japan are some names that come up in blockchain communities but among them, Estonia seems to be the favourite thanks to the crypto- and tech-friendly regulatory environment there and the ease of doing business. Ask Abhinav Arora, chief marketing officer at Enkidu, a decentralised collaboration platform being built in Bengaluru. Its parent company Avalon Labs is a Singapore-registered entity. "We had decided to go the ICO way and for that, the current Indian regulatory setup makes it difficult," says Arora. Enkidu is looking to register itself in Estonia. "We also thought of Japan but that did not make financial