$2.5T Crypto Market Will Not Wait For Nations To Onboard: WazirX CEO
"The question for every nation is, do they want to participate and get a share of this pie,?" says WazirX CEO Nischal Shetty. Indian entrepreneur and the CEO of crypto exchange WazirX Nischal Shetty envisions a race between countries to launch their local versions of central bank digital currencies (CBDC) in the coming year. Speaking to Blockchain Enthusiast, Shetty said that the year 2022 would be an extension of the ongoing discussions around crypto regulations, exchange-traded funds (ETFs) and the emergence of the metaverse: “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.” Shetty pointed out that the crypto industry today — directly or indirectly — employs about 50,000 people in India, which according to NASSCOM research, is expected to grow 2X faster with the potential to create over 800,000 jobs by 2030. Acknowledging the delays in crypto regulati...
