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Are crypto ads next battleground for Indian regulators
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ambcrypto.comAfter days of panic selling in India due to rumors of a crypto ban, WazirX CEO Nischal Shetty has been pushing investors to learn more about the crypto industry, while urging Indian regulators to look at crypto use cases apart from payments.
Appearing on the Mojo Story show, Shetty reiterated these points, but also spoke about the ethical tangle of releasing crypto advertisements in India.
As crypto took off in India with millions of users signing up with exchanges, many companies naturally felt the need to advertise their services to draw in more users. However, this strategy led to backlash from lawmakers.
For his part, Shetty said,
“…I think we stopped our ads way back in April or May. Because we ran an experiment and we realized that those
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