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.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
