Nischal (Shardeum) 🔼
@NischalShetty
Followers
488,083
Following
13,090
Media
1,241
Statuses
36,853
Building @Shardeum @Pi42Exchange @WazirXIndia @Crowdfire Let’s make decentralization accessible to everyone 🤝 #BuildWeb3 #Shardian
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Joined April 2008
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Pinned Tweet
1/ Announcing Shardeum
@Shardeum
will be a sharded, infinitely scalable, completely decentralized L1 blockchain
In a few years Crypto will grow to over 1 Billion people
We want to provide a scalable, affordable & decentralized solution
More in thread below 🚀
#BuildForCrypto
2K
633
3K
Official notification from
@RBI
about Crypto.
#IndiaWantsCrypto
Customer Due Diligence for transactions in Virtual Currencies (VC)
1K
3K
10K
953
3K
10K
Day 934
Top Banks refusing to work with Crypto startups in India
We, the people of crypto, request
@RBI
to intervene & help this industry
Crypto assets are cutting edge innovation that India should participate
As a software nation, we need to innovate 🇮🇳
#IndiaWantsCrypto
1K
3K
9K
Day 1000
What a milestone for Indian Crypto!
With
#IndiaWantsCrypto
my mission has been:
- Bring positive crypto regulation in India
- Spread right information about Crypto
Lakhs of people have joined this campaign
Let’s continue our mission
Jai Hind 🇮🇳
#IndiaWantsCrypto
3K
2K
7K
Heartfelt thanks and my admiration for you on raising the 1% TDS issue and explaining it so plainly
Thank you
@mpriteshpandey
🙏
#ReduceCryptoTax
#UnfairCryptoTax
550
3K
7K
Day 930
Finally, India plans to regulate & not ban Crypto
2019 bill is outdated.
It’s amazing to see progressive thought from our Government 👏
@nsitharaman
@ianuragthakur
Heartfelt THANK YOU!
Let everyone know.
India will regulate not ban Crypto 🚀
#IndiaWantsCrypto
930
2K
6K
Day 933
Crypto industry has:
1.5 Crore Indians
Rs. 15,000+ Crore assets
350+ startups
1000+ employed
However, the entire crypto industry is facing banking issues.
I request
@RBI
to intervene and help citizens of India & the crypto industry 🙏
#IndiaWantsCrypto
770
2K
6K
Day 927
Announcing WRX Airdrop program for users who bought SHIB at exceptionally high price & did not sell.
WazirX is about trust & we have decided to help our users.
We will AIRDROP WRX equivalent to your loss!
Details soon
Plz share & RT
#WazirXCares
#IndiaWantsCrypto
2K
2K
6K
Thank you
@priyankac19
for voicing the concerns of the youth. There are millions of young Indians trying to create a career in Crypto
By supporting Web3, our nation can dominate the next evolution of the Internet
#BuildForCrypto
#ReduceCryptoTax
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2K
5K
Doge and now SHIB
Is there a new meme token that can beat these two? 🤔
5K
796
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Feels like Feb 2021 all over again
The Crypto regulation bill has been listed for winter session
The description hasn’t changed much
There will be speculation on both sides
The good thing is more people within Government are aware of how crypto works 💪
#IndiaWantsCrypto
723
1K
5K
Day 943
It’s amazing to see
@RBI
clarifying & helping solve uncertainty for Crypto in India
There are over 1.5 Crore Indians in Crypto. This news has brought joy and confidence to everyone in the sector
Let’s continue to BUIDL the Indian crypto ecosystem 💪
#IndiaWantsCrypto
2K
874
5K
Rs. 100 invested into Coin1
Rs. 100 invested into Coin2
Total Investment: Rs. 200
You make Rs. 100 profit in Coin1 and lose Rs. 100 in Coin2
You have to pay 30% for Coin1 profit since you won’t be able to offset Coin2 loss
You now have: Rs. 170
832
2K
5K
Day 935
No democratic nation is against Crypto because Crypto brings in transparency.
Only those who don’t want to bring in transparency will be fighting against a decentralised innovation.
Crypto Assets present a wealth creation opportunity for the masses✌️
#IndiaWantsCrypto
686
1K
5K
Day 1119
All of us want regulation. We’ve been pushing for it from the last 1000+ days
Finally when regulation process has begun, why panic?
We need to have faith in our law makers. There’ll be discussions & deliberations
Ultimately, innovation will win 🇮🇳
#IndiaWantsCrypto
602
1K
5K
Clarity on crypto tax as well!
Income from transfer of any digital asset to be taxed at 30%
No expenditure deduction except cost of acquisition
Loss from digital asset cannot be setoff
Yet another step towards positive crypto regulations 🚀🚀🚀
#IndiaWantsCrypto
759
877
5K
Day 907
WazirX will donate Rs. 8 CRORE for Covid relief
I request every startup in India to contribute.
Crypto community should help as much as possible.
Please suggest where we should donate these funds
We’re in this together 🤝
#IndiaWantsCrypto
#IndiaFightsCOVID19
689
1K
4K
Can we get
@elonmusk
to tweet the hashtag
#IndiaWantsCrypto
?
We want to make our Government know that a ban on crypto is not the solution
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I’m happy that all of you are happy.
Since 2018, we’ve been through bear & bull.
We’re not here to make quick money. We’re here to serve our nation & our people.
Always with you. Let’s build the best crypto ecosystem in India.
Jai Hind 🇮🇳
#WazirXCares
#IndiaWantsCrypto
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521
4K
Day 928
What do we want?
We want to help in nation building 🇮🇳
Is that wrong? Is it a crime to be involved in innovative technology in India?
Why cannot banks in India follow the Supreme Court ruling?
Why do they have to cause trouble to 15 Million people?
#IndiaWantsCrypto
681
1K
4K
Announcing the launch of
#WazirXNFT
Marketplace!
Time for artists and creative folks across India to connect with their tribe 🚀
$WRX will be the first crypto to be accepted on the
#NFT
platform.
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4K
1/3
WazirX is yet to receive any show cause notice from the Enforcement Directorate as mentioned in today's media reports.
WazirX is in compliance with all applicable laws.
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4K
Day 1110
India is finally on the right path towards crypto regulations
Industry consultation is crucial & it’s great to see that the crypto industry has been invited for discussions
With the right regulations, India can be a top player in crypto
Jai Hind 🇮🇳
#IndiaWantsCrypto
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4K
2021 is proof that Crypto has been used for buying GOOD DRUGS (covid medicines)
Next time someone says
“But crypto is used for buying drugs”
You say
“Correct. It’s used for buying life saving drugs and oxygen for covid relief in India & around the world”
#IndiaWantsCrypto
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4K
Thank you for all the support ✌️
As a community, we’ve come a long way in spreading the right information about Crypto in India.
Let’s continue our mission.
#IndiaWantsCrypto
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4K
Day 936
Software & Internet have helped India progress in the last 20 years.
Crypto is the next phase of Internet evolution.
India cannot sit on the sidelines and miss this innovation. We cannot lose our software edge as a nation.
Let’s learn & innovate
#IndiaWantsCrypto
527
773
4K
Invest Rs. 100 into Coin1
Earn Rs. 100 profit
Now you have Rs. 200
Invest this Rs. 200 in Coin2
Coin2 goes to Rs. 0 (not all ideas work)
Now you have Rs. 0
Tax Time:
According to upcoming tax law in India
You pay Rs. 30 as tax
You are now at - Rs. 30
#UnfairCryptoTax
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2K
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Banks responsibility is to keep your money safe and let you use it when YOU want.
Since when did banks in India become gatekeepers of innovation?
#IndiaWantsCrypto
#BankDontBullyUs
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4K
Hope to see a reduction of crypto ban fear in India
India just taxed crypto 💪
Lot to unpack here but overall this is a very positive step forward for crypto ecosystem in India 🇮🇳
#IndiaWantsCrypto
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591
4K
Day 931
Classifying Crypto as Digital Assets & NOT currency is a good step forward for India
Crypto classification is the first step towards any regulation. It’s great to see India moving in right direction
Let’s BUIDL the digital asset ecosystem in India 🇮🇳
#IndiaWantsCrypto
578
496
4K
Day 937
About 150 Million people globally are in Crypto
The Internet has 4.72 Billion people.
Crypto is still early. Lot of opportunities for Indians to build new Crypto startups to solve India specific problems.
Understand the Crypto ecosystem & BUIDL
#IndiaWantsCrypto
534
609
4K
Day 932
It’s unfortunate that crypto sector in India is facing trouble with API based payment processing access.
Supreme Court order was clear and it should be accepted by everyone in the country
Crypto industry should not be cut off from banking access!
#IndiaWantsCrypto
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684
3K
Day 938
Crypto awareness is spreading fast in India
Millions of people are learning & understand Crypto every month
It’s a great move forward for crypto adoption in the country
India is finally able to develop necessary skill sets to compete globally 🇮🇳
#IndiaWantsCrypto
519
485
3K
Innocent till proven guilty has changed to guilty till proven innocent
World needs more love ❤️
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3K
#UnfairCryptoTax
1. Crypto profit tax should be as per income tax slab
2. 1% TDS is lose lose for Government and People as both will be caught in refunds loop
3. Gift tax? What about Airdrops? Airdrops of tokens that don’t have liquidity?
Time to ask the right questions 🤝
442
2K
3K
Day 947
Don’t underestimate the youth of India
They have deeper understanding of Crypto. They teach each other & help build crypto communities in India
I’m proud to see the rapid progress that Indian crypto community has made
Keep spreading the right info🚀
#IndiaWantsCrypto
404
477
3K
I fail to understand the reason why false information gets picked up easily compared to right info
1.5 Crore to 2 Crore people in India are into crypto
Yet, an incorrect data by a third party that says 10 crore investors gets picked up 🤔
India doesn’t have 10 cr in crypto
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3K
#UnfairCryptoTax
#ReduceCryptoTax
Just trend it every day. Your voice will be be heard by the Government.
Glad to see the community working together on this initiative
We have to grow the community, build more leaders in Crypto.
Each of YOU is a leader. Take charge 🤝
312
2K
3K
Blockchain powered Digital Rupee by
@RBI
will be introduced 2022-23 in India
Great news! More crypto adoption on the way 🚀
Glad to know that RBI will now start getting deeper into crypto. Hope to see banks start getting involved with crypto industry as well
#IndiaWantsCrypto
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598
3K
Thank you
@RBI
#IndiaWantsCrypto
#LIVE
|
@RBI
issues circular clarifying stance on
#Crypto
trading; asks banks to carry out customer due diligence. Watch
@NischalShetty
of
@WazirXIndia
on
#IndiaTonight
@29_ruchibhatia
@NayantaraRai
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It’s funny how some are angry at me that there is 30% income tax on Crypto
As an industry we’re already representing issues to the Government
Reducing 30% tax for lower income is something we’ve highlighted in our representation
But YOU should speak up too
#ReduceCryptoTax
301
1K
3K
Day 1128
It’s good to hear that India plans to regulate crypto
Regulation of crypto is a complicated subject
But we’ll not be able to solve it until we start talking about it
Fortunately, entire India is now talking about Crypto 💪
#IndiaWantsCrypto
481
497
3K
Day 941
Nobody thought there would be 4.7B people online
Nobody thought they would have more friends on social media than offline
Nobody thought Internet would make remote work easy
The world has moved online.
Assets are moving online next 🚀
#IndiaWantsCrypto
324
488
3K
Today’s budget has ensured a very bright future for Indian Crypto ecosystem
A few notable outcomes:
- Government has legitimised industry
- No more fear to BUIDL
- Everyone can participate
Over 1188 days of
#IndiaWantsCrypto
It’s been worth it!
Next, let’s Build For Crypto 🤝
573
487
3K
Day 954
Internet age led to the rise of “Silicon Valley”.
Software cities were created around the world.
India benefited immensely and we’ve seen the rise of software cities.
Next, India should strive towards building its own crypto valleys 🚀
#IndiaWantsCrypto
319
377
3K
Thank you crypto tribe for this.
We’re here for you.
We’ll continue to improve & BUIDL WazirX into India’s largest and most trusted crypto exchange 🚀🚀🚀
#WazirXCares
#IndiaWantsCrypto
426
418
3K
The new crypto tax law being imposed in a country with the largest youth population is hard to believe
Most people want to think it’s an April Fool’s joke by Indian Government
#AprilFoolsDay
222
607
2K
Meme tokens everywhere. Inspired from
#Doge
?
What’s an interesting Meme token you’re aware of?
1K
218
2K
Day 952
El Salvador becomes the first country to make
#Bitcoin
legal tender
Nations that behave like startups have the potential to grow their economies rapidly.
These are signs for India to go deeper into crypto, build the crypto ecosystem and grow fast 🚀
#IndiaWantsCrypto
207
359
2K
Day 921
People with half knowledge of Crypto think all cryptos are currencies.
They then base their entire argument against Crypto on this flawed assumption.
Cryptos are of 4 types:
1. Asset
2. Currency
3. Utility
4. Security
Learn the classification ✌️
#IndiaWantsCrypto
483
362
3K
Day 1120
After yesterday’s media discussions, a few things have emerged:
- No one knows content of the bill
- Definition of private crypto seems to be anything not issued by Government (context has been ‘currency’)
- Regulation not ban
#IndiaWantsCrypto
183
514
2K
@elonmusk
Old world:
Combustion Engine
Government only space programs
Fiat
New world:
Electric motors
Private space travel
Meme tokens 🚀
198
203
2K
Crypto is not a get rich quick scheme.
Be in it for the long term. There’s a lot of building and a lot of technology that changes every day here
WazirX has been there with the community & always will be ✌️
We’re going to help with the SHIB issue, don’t worry
#IndiaWantsCrypto
650
266
2K
Any interesting crypto projects you think will take off in second half of 2021?
2K
293
2K
Day 956
In order to build a progressive crypto ecosystem in India, we need:
- Official guidelines
- National debates & discussions
- Industry participation in regulatory process
- Discussions on CBDC
- Crypto education
Let’s keep working towards these✌️
#IndiaWantsCrypto
284
404
2K
3/3
We are able to trace all users on our platform with official identity information.
Should we receive a formal communication or notice from the ED, we'll fully cooperate in the investigation.
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Day 940
Countries today are figuring out
#Bitcoin
Countries tomorrow will be fighting to hold largest Bitcoin reserves.
Why hold fiat currency of other countries which can be printed anytime?
HODL
#Bitcoin
that has limited supply
#IndiaWantsCrypto
290
369
2K
Respect those who debate after they’ve learnt about crypto
Ignore those who argue before they’ve learnt about crypto
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2K
#Cryptocurrecy
| अगर सरकार कर देती
#PrivateCryptoBan
तो क्या होगा आगे? जानिए
@WazirXIndia
के CEO
@NischalShetty
से।
@shail_bhatnagar
@virendraonNifty
#MunafeKiBaat
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India does not have 10 crore people in crypto. Someone published an incorrect random number and now other parts of the media is picking it up.
About 2 crore is a conservative number for the total number of people in crypto in India ✌️
179
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2K
Today WazirX saw one of the highest trading volumes at over $350 Million
Our infrastructure and code improvements helped handle the load better compared to previously.
We’re improving the app further, progressing well ✌️
#IndiaWantsCrypto
$WRX
388
208
2K
Day 939
As crypto industry matures, more people gather better understanding about decentralised technology
There is more clarity that not all crypto is a currency. In fact, most crypto are assets & utilities
Let’s continue to spread the right information ✌️
#IndiaWantsCrypto
341
398
2K
Good to see Crypto industry news being covered on mainstream media.
It’s amazing how everyone is curious and wants to learn.
Let’s innovate, India 🇮🇳
#IndiaWantsCrypto
#WazirXCares
218
369
2K
Jeff Bezos and Elon Musk started space missions about 20 years ago.
Thinking of private space missions 20 years ago must have been laughed at by most people around them.
But progress is achieved when you envision.
I wonder how the crypto ecosystem will be 20 yrs from now 🤔
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2K
All user assets - Crypto & INR on WazirX are safe
WazirX has always ensured KYC is conducted, AML policies are in place
We only allow bank transfers so everything is traceable
WazirX to Binance transfer is recorded in our database ALWAYS and it’s ONLY between users own account
313
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2K
Very excited about the upgrade we’re working on for the WazirX Trading Engine.
It’s called Project Raftaar 🚀
We are on track and first version should be ready soon.
We will test on one market first.
Thinking we should run HTK for 1 hour to load test when it’s ready?
506
228
2K
$566 Million worth of trades was done on WazirX yesterday
That’s highest ever trade by any crypto exchange in India, ever
While we’ve been working on scaling up, demand has been growing faster
We had ATH in volume, signup, active traders, concurrent users
#IndiaWantsCrypto
592
284
2K
Day 58
Tomorrow, new crypto tax comes into effect
The Indian Government needs to rethink this tax policy
Negative effects:
- Crypto flight to foreign exchanges
- Trade without kyc
- Grey markets
- Large tax defaulters
- Large TDS refunds
#BuildForCrypto
#UnfairCryptoTax
240
821
2K
Day 919
Square app in US made about $75M in profit after integrating
#Bitcoin
into their app
Paypal has a tremendous quarter, again because of integrating Bitcoin
Tesla has seen its Bitcoin investment surge
Why are Indian startups & banks not participating?
#IndiaWantsCrypto
365
410
2K
Day 957
The Crypto valuations of today are based on the fact that Crypto has only 3% of the Internet population.
There’s a massive number of people yet to enter.
Everyone in crypto right now is an early adopter. Lot of growth opportunities!
#IndiaWantsCrypto
281
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2K
Day 1122
India doesn’t have to decide between ban versus innovation in crypto
Problems such as money laundering, anonymity etc can be solved by bringing the right regulation
The Indian crypto industry has solutions to the problems that concern law makers ✌️
#IndiaWantsCrypto
187
421
2K
Banking issue is beyond our control.
We try our best to ensure it’s smooth but banking hasn’t been easy for Indian Crypto.
It’s unfortunate that the people of India have to suffer due to this.
We’ll continue to work towards making it smooth ✌️
#IndiaWantsCrypto
294
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2K
Day 1124
Those who understand crypto know that each crypto has different use case just like websites
Those with superficial understanding of crypto think that all crypto is currency
We need to spread more knowledge around crypto to clear this confusion
#IndiaWantsCrypto
167
471
2K
Day 1127
Facebook changed company name to ‘Meta’
Square changed company name to ‘Block’
And we’re still teaching people that ‘Currency’ is just one of the many use cases of crypto 🤷🏻♂️
Please read up about crypto and it’s application in Gaming, DApps, NFT etc
#IndiaWantsCrypto
169
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2K
1.5 Crore Indians own Crypto
Rs. 15,000+ Crore worth of crypto assets owned by Indians
Crypto is not a nascent industry anymore
#IndiaWantsCrypto
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2K
Day 1
Today starts the next chapter in decentralization
We need to onboard the world to crypto
Next chapter is for us to BUIDL a decentralized ecosystem for the world
I’ll announce my next chapter at 8.30PM IST today
Hope you join me in this journey 🤝
#BuildForCrypto
#2222
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289
2K
So
@elonmusk
buys Twitter
Deal value $44 Billion
Biggest social media acquisition ever. And done by a single individual
Fresh fuel added for crypto‘s mass adoption 🚀
#ElonMuskBuyTwitter
#cryptocurrency
107
313
2K
Day 944
The world has been increasing its digital footprint rapidly
Knowledge, friends, communication, work etc have gone online already
With Crypto, digital assets have become a reality
The next decade will be about digital ownership
Let’s participate 🇮🇳
#IndiaWantsCrypto
178
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2K
Took us 3yrs (2018 to 2021) to reach 2Million customers on WazirX
Took us 1 month (April 2021) to add 1Million customers
Trading volume growth
Dec 20: $500M
Jan 21: $1.4B
Feb 21: $2.1B
Mar 21: $2.4B
April 21: $5.4B
Signs of growing Crypto sector in India 🚀
#IndiaWantsCrypto
437
300
2K
Day 1126
Crypto is NOT just about payments
You need crypto to:
- Play games on Blockchain
- Use decentralised apps
- Create NFTs
There are several new use cases of crypto emerging every day
It’s time to put aside the narrow view that All Crypto = Currency
#IndiaWantsCrypto
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2K
2/3
We go beyond our legal obligations by following Know Your Customer (KYC) and Anti Money Laundering (AML) processes and have always provided information to law enforcement authorities whenever required.
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