Beowulf’s remark, “Do not grieve, wise warrior,” in the Old English epic poem seems to be making complete sense in the Indian crypto-context.
The Indian Parliament’s Winter Session has drawn to a close with no cryptocurrency bill[1] making it to the fore. Moreover, the government has not yet confirmed if the proposed cryptocurrency regulations are slated to come up during the next session of the Parliament. However, despite the delay, crypto-warriors have not surrendered. They have high hopes and there is no despondency in sight.
Now, it’s worth noting that India ranked second in a list of 20 countries with the highest cryptocurrency adoption rate, according to Chainalysis. While India’s march towards crypto-developments looks alluring, the widening digital divide remains a major concern.
Notably, India has the second-largest Internet[2] user base in the world with over 560 million subscribers. It also has the lowest mobile data prices offered anywhere. Despite this, for every Indian citizen with an Internet subscription, there is a citizen in a rural area who lacks one.
According to DataBank, the rural population in India was reported[3] at 65.07 % in 2020. A sizeable percentage of the country’s people are living in regions where Internet access is minimal. Even local journalists have often spoken about this issue.
So, the pertinent question here is – What is it that can bring about a profound change?
Say ‘hello’ to the changemaker
Well, cryptocurrencies have not only rocked the financial world, but it’s also shifting the cultural world. Speaking exclusively to AMBCrypto, WazirX CEO Nischal Shetty said,
“Crypto has tremendous potential to transform the world as we know it and can improve financial inclusion for the unbanked. It can also create new earning opportunities for Indians across the country. This can
