Digital coin adoption to increase in small-town India: WazirX CEO

New Delhi: As the Indian government formulates the new cryptocurrency Bill amid its growing adoption, Nischal Shetty who is the CEO of leading cryptocurrency exchange WazirX said on Monday that proper rules and regulations must be put in place to let digital coins reach more investors in the country, especially smaller towns.

Touted as the most important asset class of the 21st century, more than 1.5 crore Indians are currently holding over Rs 1,500 crore worth crypto assets.

Bitcoin has crossed the $50,000 mark (more than Rs 37 lakh for a single coin) once again. The most popular cryptocurrency has been trading in the green with a market cap of more than $921 billion.