Indian crypto exchange WazirX has seen its native WRX token shoot up 43% in the past 24 hours—it’s now worth over $1.93.
The rapid rise is due to its newly launched non-fungible token (NFT) platform, as well as fresh clarity on the status of cryptocurrencies from the Reserve Bank of India (RBI) WazirX CEO, Nischal Shetty told Decrypt today.
“The RBI clarification to banks in India is a positive move. Along with that, we just announced the launch of our NFT platform,” said Shetty. “These are two of the major reasons for excitement amongst WRX believers.”
On Monday, the RBI told banks not to rely on an old circular it had issued in 2017, which said that banks shouldn’t work with crypto exchanges.
The circular has caused a great deal of confusion about the status of cryptocurrencies in India. It was debunked by the Supreme Court last year. However, uncertainty lingered, leaving Indian crypto firms in limbo until yesterday.
Day 943
It’s amazing to see @RBI clarifying &am
Źródło: https://decrypt.co/72431/wazirx-token-up-following-regulatory-update-india
