From a price point of view, the cryptocurrency market is ending 2021 with a sigh, as (), Ether (ETH) and other digital assets continue to trade well below their previous highs. However, the blockchain and cryptocurrency business is heating up, as evidenced by the arrival of institutional capital and the flood of venture funding in the space. According to Nischal Shetty, CEO of India’s WazirX crypto exchange, the digital asset revolution is already underway and will continue with or without your involvement.
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Cryptocurrencies Won’t Wait For Nations To Jump On The Bandwagon: WazirX CEO With the entry of cryptocurrencies into mainstream consciousness in 2021, lawmakers around the world are rushing to regulate this digital asset class. WazirX’s Nischal Shetty believes that nation-states will soon find themselves in an arms race to develop and launch local versions of central bank digital currencies, or CBDCs. “We are optimistic about the clarity of the regulations as institutional involvement will drive adoption by retailers,” he says. “There’s a $ 2.5 trillion market out there, and it’s not going to wait for any nation to jump on the bandwagon.”
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