Wazirx CEO says hopefully we’ll get regulatory clarity
The CEO of Binance owned crypto exchange Wazirx said that he is optimistic about the regulatory clarity and retail adoption of crypto.
Nischal Shetty is CEO and founder of Wazirx exchange. Wazirx exchange is currently under the acquisition of Binance exchange and this exchange is popularly known as the best exchange to get into the international market.
Nischal recently shared his thoughts on crypto 2022 with the Cointelegraph news website. Throughout the whole interview, he noted that the market will surge with the adoption.
According to Nischal, Next year will be the extension of the regulatory clarity on the crypto industry. And also new projects and crypto will surge with the Metaverse & crypto ETFs products. He added:
“We’re optimistic that we’ll get regulatory clarity, see institutional participation fuel retail adoption. We also expect to see more metaverse projects making an entrance.”
Nischal also noted that more than 50,000 Indian people are employed in this crypto industry directly or indirectly. And this number will surge with 2× speed and will touch around 800,000 jobs in 2030.
Earlier this, in an interview with the Economics Times, Nischal said that regulation on the crypto industry overnight may introduce a big loophole against the growth of this industry. He added:
“There is a $2.5 trillion market out there and it is not going to wait for any nation to come on board. I’ve been tweeting ‘#IndiaWantsCrypto’ for over 1,000 days with the sole objective of having crypto regulation in India.”
Nischal also said that the NFTs trend will go down because people are re-selling it in the secondary market, going against the uniqueness of the NFTs concept. He further added that Web3 will open a new gate for this industry.
“Web3 will open the gates to innovation and more startups in India. Along with the rise in NFTs, it will play a huge role in promoting the creator economy of India.”
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