WazirX CEO: News of Binance's acquisition of WazirX is a beacon of hope for India's crypto ecosystem

Nischal Shetty, CEO of Indian exchange WazirX, said in an interview that Binance's previous acquisition of WazirX will have an impact on the Indian crypto market. He said that considering WazirX is the first Indian cryptocurrency exchange to be acquired by the world's largest exchange, this is a big deal. "The news of Binance's acquisition of WazirX is a beacon of hope for the entire Indian cryptocurrency ecosystem. This news has also been reprinted by international and mainstream news media. I think this is a good proof that India is a key market for cryptocurrencies. Because WazirX was acquired, and everyone in India now has more confidence in cryptocurrencies. "
He is also optimistic about the fate of the Indian market, adding that the Indian government will introduce positive regulations. "Our acquisition by Binance highlights our belief in the Indian crypto ecosystem … As part of our #IndiaWantsCrypto campaign, we met with parliamentarian Rajeev Chandrashekhar. We have been tweeting to government officials and meeting them to introduce positive Crypto regulations. I am optimistic that our government will not let us down. "