Cryptocurrency exchange Binance is about to arrange its first token sale in 2020 for the Indian cryptocurrency bitcoin exchange called WazirX, states the official press release that was shared with iHodl.
The token sale on the Binance Launchpad platform will reportedly start on February 3, 2020, at 00:00 UTC.
Binance CEO Changpeng Zhao (CZ) claims that despite the fact that the crypto industry is actively developing, сonverting fiat into crypto, and vice versa, there's still "a significant barrier to furthering crypto adoption."
"The WazirX token sale on Binance Launchpad will enable WazirX to introduce its technology outside of India and allow the Binance community, and beyond, to learn about and support the WazirX team," CZ added.
The press release says the WazirX team will focus on the markets of other developing countries where the crypto-related issues similar to India are observed.
Earlier iHodl reported that the Reserve Bank of India (RBI), the country's central bank, said that it had never intended to ban cryptocurrencies in the country.
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