Exclusive | India WazirX trading platform CEO: India's Supreme Court ruling will open the door to encryption technology for 1 billion people

India's Supreme Court today rejected the central bank's banking ban on cryptocurrencies as unconstitutional, BlockBeats said. In an exclusive response to the incident, WazirX CEO Nischal Shetty said the move would open the door to the massive use of encryption technology in India, proving that India can innovate and the whole country can participate in the blockchain revolution.

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Mr Shetty stresses that India is a big country with a population of 1 billion and that the Indian market is a sleeping giant. I believe this Supreme Court decision will have a positive impact on the global crypto ecosystem.

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It is understood that in November, global trading giant kwon bought WazirX, one of India's leading digital asset platforms. Nischal Shetty, the founder of WazirX, has also been campaigning for the Indian cryptocurrency market, petitioning the Indian Supreme Court to lift the rbi's ban on Banks serving cryptocurrency trading platforms.

So far, the WazirX token WRX is at 0.112 USDT, up 57.82 percent in 24 hours, according to coinan.

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Related reading:India's Supreme Court overturns ban on legal-currency trading platforms, could India face an explosion of cryptographic trading?

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