After Elon Musk tweeted about a lesser-known cryptocurrency, Dogecoin, its value surged instantly. The government too is taking note of the rising investor interest and is likely to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in the budget session of parliament.
Even Nischal Shetty, CEO of WazirX, which is one of the largest cryptocurrency exchanges in India, tweeted that there are over 7 million crypto holders in India and over $1 billion crypto assets owned by Indians.
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