Day 1000 for #IndiaWantsCrypto, WazirX ups the social crypto campaign

It was a campaign that started a 1,000-day-ago with the co-founder of India's biggest crypto exchange platform WazirX raising awareness towards the need for cryptocurrency acceptance in India.

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With early 15 million Indians invested in #cryptocurrencies early $ 6.6 billion (Rs 49,189 crore) have been invested in the blockchain-based digital coins. India currently ranks 11 out of 154 nations in terms of cryptocurrency adoption, as per blockchain data firm Chainalysis.

One of the biggest hurdles preventing wider adoption is regulatory uncertainty. Despite the Supreme Court quashing a 2018 rule banning crypto trading by banking entities the resistance from North Block has kept main market participants from opening investment options as there is no clarity in taxation on the income from the digital token either.

With no mention of the crypto bill in the Monsoon Session of parliament, expect the social campaign of #IndiaWantsCrypto to continue taking social media by storm.