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02/02/2022
WazirX exchange’s native token, WRX, benefited the most from India’s latest U-turn on crypto this week.
WRX’s price surged nearly 30% to over $1, hitting a three-week high after the Indian government had announced a new tax regime for the regional crypto sector, reversing entirely from its earlier strict stance that even contemplated an outright ban on the emerging industry.
WRX/USD three-day price chart. Source: Javon Marks, TradingView
WRX/USD daily price chart featuring descending triangle setup. Source: TradingView
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