The Indian government is soon going to bring a bill in the parliament winter season. With the news update of the cryptocurrency bill, many investors panicked. Multiple private crypto investment platforms are available in the finance-tech market.
In this list, WazirX also facilitates crypto investment services. Due to the latest updates of crypto investment affairs, WazirX users decided to clear off their entities before the ban. As all the users were trying to access the WazirX interface, it hung in midway and stopped responding. After a while, the app has restored the functionalities and activated the services and facilities. This crash was the result of the upcoming cryptocurrency regulation bill.
The CEO of WazirX has released a statement to all the investors not to take any immediate rapid decision to sell out their stuff from their crypto money account. The government is planning to bring regulation for the betterment and proper operation of cryptocurrency. The market of cryptocurrency is rising and more and more people coming to invest their time and effort in this new type of currency available in digital format
After a lot of discussions, and sessions the official statements and proposals are going to take place in this winter parliament session that will improve the mechanism, policy, and function of crypto investment more safely and securely.
There’s nothing to worry about crypto investment. We should keep faith in the government. It will not do anything against the economy and investors and the cryptocurrency will have a great future in India and will play a significant role in the growth of the Indian economy. Currently, more than 2M Indian investors are spending their time on private crypto platforms.