of Indian cryptography market has the potential to generate economic added value of $184 billion by 2030 In the form of investments and cost reductions, the report titled:Indian crypto industry.
report by National Association of Software and Services Companies (NASSCOM) partners with Indian cryptocurrency exchange Wazir Xsaid that India's crypto market has the potential to generate excess profits. 800,000 jobs by 2030.
Speaking of cryptography industry, Mr. Debjani Ghosh, President, NASSCOMSaid,
“India's crypto technology industry is not only showing positive impact at the grassroots level but also emerging as one of the fastest growing technology sub-sectors. systems and play a transformative role in strengthening key priority areas such as health, security, digital identity, trade and finance, and remittances, to help address the challenges posed by the pandemic.”
Debjani He added that a consultative and enabling regulatory approach to crypto technology could help foster the growth of this cryptocurrency ecosystem and blockchain innovation in India.
According to reports, Global cryptography industry It is estimated that they intersect $1.6 billion by 2021 and $2.3 billion By 2026. 10% of the world's startups Working with or using blockchain technology in some way.Above 230 cryptographic startups in Indiaincreasing investment from institutional and individual investors, leading to increased visibility of the sector in India.
WazirX Founder and CEO Nischal Shetty talks about cryptographySaid,
“Cryptocurrency is ready to take us away Prime Minister's Digital India Mission forward. In fact, the number of users from Tier-II and Tier-III cities has increased several times. In the coming years, cryptocurrencies will break down economic barriers in rural India, creating more opportunities and access to jobs, investment, and capital. ”
The report also identifies seven key trends driving the growth of this industry, namely Bitcoin, Decentralized Finance (DeFi), Tokenization, Non-Fungible Tokens (NFTs), Smart Contracts, Cryptotech Capital, and Central Digital Bank Currencies ( We also emphasized on CBDC.
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