Nischal Shetty, Indian businessman and CEO of crypto exchange WazirX, foresees a race between the countries in launching their local versions of central bank digital currencies in the coming year.
Speaking to Cointelegraph, Shetty said that the year 2022 will be an extension of the ongoing discussions around cryptocurrency regulations, exchange-traded funds (ETFs), and the emergence of the metaverse:
“We are optimistic that we will get regulatory clarity and see institutional engagement driving retail adoption. We also look forward to seeing more metaverse projects come in.”
- A smart cryptocurrency policy could keep India’s tech dominance on top
Shetty noted that the cryptocurrency sector today employs – directly or indirectly – about 50,000 people in India, and that according to research by Nasscom, it is expected to grow twice as fast, and has the potential to create more than 800,000. jobs by 2030.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.