WazirX Founder Navigates Indian Crypto Market

Asia Blockchain Review
September 29, 2019

Nischal Shetty, founder of WazirX, recently revealed that he is optimistic about the cryptocurrency market in India, citing his auto-matching peer-to-peer (P2P) platform that enables the exchange to operate in the country while other exchanges have been forced to cease their services.

Operating in a Hostile Market

According to an interview conducted by Cryptoslate, Shetty said he has been continuously campaigning for Indian regulators to take crypto seriously. 

“At WazirX, we’re fighting hard for cryptocurrency regulations in India. I’ve been running a Twitter campaign called #IndiaWantsCrypto for 320 days,” he said. “Many people have joined this campaign, and it’s been picked up by journalists and influencers globally.” 

Meanwhile, business is flourishing as the exchange introduces services in several new markets. Shetty stated:

“Due to its unique nature, WazirX P2P is the best solution to the fiat to crypto conversion problem around the world. We have also launched P2P in new countries like Indonesia, Russia, Ukraine, Nigeria, Italy, Turkey, and Saudi Arabia. We’ll take P2P to more countries soon.”

The Future of Crypto in India

The WazirX founder has insisted that the Indian government should take after nations which have embraced cryptocurrency, such as Japan, maintaining that “banning is not a solution”.

“The crypto-ban recommendation has brought us to a very crucial point in the crypto revolution,” he said. “The entire industry, including exchanges, lawyers, traders, influencers have come together so that this draconian proposal is not accepted by the government.” 

Shetty also said he was optimistic that the government would listen and positively regulate crypto in India.

Source: https://cryptoslate.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Dubai Economy Moves to Unified Business Registry on the Blockchain Platform
Dubai Economy has revealed it is moving to a Unified Business Registry Platform hosted on the Blockc...

October 20, 2019

Singapore Offers Courses for Mothers Re-entering Workforce
Singapore’s Ngee Ann Polytechnic and social enterprise [email protected] are working together to develop cou...

October 20, 2019

Binance CEO Signals High Hopes for Blockchain 
Binance CEO Changpeng Zhao believes that blockchain technology can contribute to the development of ...

October 20, 2019

Terra Announces New Partnerships at Korea Blockchain Week
Alternative finance platform Terra has announced that CHAI, its payment DApp, will partner with majo...

October 19, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us