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India: Survey finds majority distrust cryptos, don’t support taxation, legalization
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ambcrypto.comIndia is preparing to welcome the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. However, speculations around an alleged ban on “private cryptocurrency” have taken over the Indian market. In fact, soon after the first reports broke out, one of India’s leading crypto-exchanges WazirX crashed.
Reportedly, the exchange has been witnessing heavy traffic since 23 November. Amid the confusion of regulatory clarity, a lot of investors have started selling and exiting the market.
Surprisingly, in a recent survey, it was found that over one in two Indians don’t want cryptocurrencies legalized. This, despite the exponential growth of the crypto-market over the last few years. In fact, India ranks second on the global
Read more on ambcrypto.comAbout this in other media
Cabinet note suggests India will regulate, rather than ban, crypto cointelegraph.com /3 years ago
New Crypto Bill: Private Cryptocurrency To Be Regulated, Not Banned; Crypto Not Legal Currency In India: 5 Points ndtv.com /3 years ago
Lens on misleading ads promoting cryptos: FM Nirmala Sitharaman economictimes.indiatimes.com /3 years ago
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