“India Wants Crypto” Movement Gaining Momentum

A young Indian entrepreneur Akshay Aggarwal has sprung up a new movement to counter the Indian government’s recent moves to eject blockchain technology and cryptocurrencies from the country.

According to a report by Ozy, the Indian entrepreneur has birthed the “India Wants Crypto” front.

Blockchain Regulations in India

The Indian legislature has recently announced the drafting of bills which would ‘expel blockchain firms and practitioners, or even punish them with jail time’.

Akshay hopes that the movement will steam up to secure a place for blockchain and crypto in India.

Akshay Aggarwal is the co-founder of Blockchained India started in 2017.

The entrepreneur took part in an entrepreneurship program run by venture capitalist and early Tesla investor Tim Draper.

‘That experience allowed him to grow Blockchained India from a meetup of eight to 750 within a year and attract the interest of entities such as crypto pioneer Ethereum.’

“India Wants Crypto” Movement

The movement has spread across India in multiple cities with over 15,000 supporters. The young entrepreneur’s ability ‘to secure trust and trigger conversations between influential members of the tech industry and India’s government is now being applied to “India Wants Crypto”.

Nischal Shetty CEO and founder of WazirX, India’s leading crypto exchange leads the movement with his bold tweets while calling out Indian government officials to spread the message.

17th Century: India most prosperous nation in the world 18th Century: India ruled by British East India Company Our downturn was due to 17th Century India NOT UPGRADING their defences Let’s not make same mistake in Technology! Dear @narendramodi @nsitharaman #IndiaWantsCrypto — Nischal (WazirX) ⚡️ (@NischalShetty) October 6, 2019

The movement is also aiming to raise awareness among the features and advantages of blockchain technology.

Blockchained India is called by Aggarwal as a “knowledge-sharing platform,”. He states that blockchain could empower progress among the Indian people.

A series of roadshows have been organized by him to raise awareness among India’s public about blockchain.

Source: asiablockchainreview.com| Image: inc42.com

#india #cryptocurrencies #indiancryptocurrency #cryptoregulation #bitcoinregulation