. The discussion about cryptocurrency is hot across the country. There is enthusiasm among investors, especially among the youth. Even if there is enthusiasm, why not digital currency has performed wonderfully in the last one year. Apart from this, investors are also liking it because cryptocurrency is making people rich overnight. However, there is a lot of risk involved. Despite this, there is a craze among investors around the world including India. Indian investors make the most of the crypto exchange WazirX for investing in cryptocurrencies.
WazirX was created by three youths
WazirX was launched in March 2018 by three young tech entrepreneurs Nischal Shetty, Sameer Mhatre and Siddharth Menon. Within three weeks of its inception, news came that cryptocurrencies may be banned in India, which was not only a setback for the investors but also for the entrepreneurs of the crypto exchange. Actually, in 2018 RBI had issued a circular regarding cryptocurrencies. In this, RBI had banned all financial institutions from providing services related to cryptocurrency. This matter reached the Supreme Court after the ban by RBI. Despite this, instead of stepping back, Nischal Shetty started innovating on it along with his colleagues. Day by day WazirX is adding new features to make trading easier on its Cryptos-Exchange platform. Which not only makes trading easier but also maintains transparency. This is the reason that in today's time WazirX is one of the largest crypto exchange in India. Wazir X has recently launched a new peer-to-peer cryptocurrency trading platform.

The aim is to promote the crypto industry

On November 1, 2018, WazirX CEO Nischal Shetty launched a campaign called #IndiaWantsCrypto on Twitter. As part of this campaign, Nischal started posting a tweet every day, ranging from interesting facts to unique information about cryptocurrencies. Their aim is to create awareness among people in the world of crypto. At the same time, it has to be conveyed to the government that how cryptocurrency is beneficial for the Indian economy as well. Thousands of jobs will be created from this industry.

Nischal Shetty is continuously running the campaign

In his first tweet, Nischal Shetty, tagging the then Finance Minister Arun Jaitley and the Prime Minister's Office, urged the government to bring positive regulation for cryptocurrencies. Shetty says this is a new way for India's youth to earn money and it is important because it will create thousands of jobs, as there are not enough jobs for everyone. Shetty had also urged his followers to tag ministers, media persons, crypto investors, among others.
Let us tell that after 100 days only 1.5 million impressions were recorded on Nischal's #IndiaWantsCrypto. He again wrote that we need to tweet our minister every day till we get the answer. The more we tweet, the more our voices get heard. Positive regulation can be issued in India regarding crypto.

Hope arose after continuous tweets

Shetty did not stop there, he wrote again on May 20, 2019, after about 200 days, “We are yet to hear the answers from our ministers. The NDA government came back to power on the same day. However, even after 300 days, there was no response from any of the MPs. After this, 303 days later, Rajeev Chandrasekhar, who was later appointed Minister of State for Skill Development and Entrepreneurship and Electronics and Information Technology, asked Shetty to contact him via direct message.
Shetty was tweeting again and again
After about 365 days, till 1 November 2019, this campaign of Shetty had received more than one lakh retweets and likes. Shetty again tweeted and wrote, "We have met some businessmen, but we have not yet received any response from our PM (Prime Minister) and FM (Finance Minister)." At the same time, the Supreme Court was hearing a case on the legality of RBI's effective ban of cryptocurrencies in India.

Relief from Supreme Court's decision

After 489 days in the year 2020, the Supreme Court canceled the RBI circular of 2018. The court had cleared the transaction in cryptocurrencies, rejecting the ban imposed by the RBI. The Supreme Court also urged the government to bring a law on cryptocurrencies. After this, a common crypto investor from India, Sreekar Parashar stood in front of the RBI office with a poster in which the hashtags #IndiaWantsCrypto and 'We Won' were written. Let us tell you that after the decision of the Supreme Court, cryptocurrencies are being traded in India.

Discussion about crypto in the budget

After this, when the budget was presented on February 1, 2021. In that the government introduced a bill named 'The Cryptocurrency and Regulation of Official Digital Currency Bill-2021' which seeks to "prohibit all private cryptocurrencies in India except a few" and "promote the underlying technology of cryptocurrencies". There was a demand to introduce a central bank digital currency. A booklet was issued by RBI regarding payment systems. In this booklet it was said that the central bank will be able to launch the new digital currency.