Wazirx Exchange reportedly will allow fiat cash deposit through the particular numbers of Bank of India.
When it comes to India’s stance on crypto, then we can’t say surely whether the government of India will legalise it or ban it. But still the numbers of crypto companies and startups are clearly showing that they know very well about the intention of the Indian government toward crypto.
Wazirx Exchange is an Indian crypto exchange. And right now it is acquired by the Binance exchange. This crypto exchange will allow the cash deposit.
According to the report of forkast.news, Wazirx will allow cash deposits through the Indian Overseas Bank, IDBI Bank, and Punjab National Bank.
At the time of writing this article, no tweet or news received by us regarding this matter by any of the social media accounts of Wazirx Exchange. But maybe it can be an internal source news and may take time to come into light.
This news is a clear indication that the Crypto market is going to that level where we can’t expect even under such a skeptical situation of crypto legality from the point of view of Indian government authorities.
Recently the Reserve Bank of India, clearly said that they are not controlling or retarding any kind of crypto related fiat transactions as per order of supreme court of India.
And also the former chief of the RBI stated that Crypto potential has a better future, we should not see toward the price and volatility. We should see the potential of use cases.
Read also: Russian SberBank will allows third parties to issue digital assets tool by the end of the year