33 percent of the estimated 115 mn crypto users in India are worried about regulations
The survey revealed interesting insights about the state of crypto in one of the largest countries in the world
By Shashank Bhardwaj
The Indian government has always been vocally opposed to crypto and digital assets. Despite this, the country has amassed 115 million crypto investors according to KuCoin's ‘Into The Cryptoverse India Report’ survey released this week. This figure of 115 million crypto investors represents 15 percent of the Indian population and is mainly aged between 18 and 60.
Furthermore, 33 percent of survey takers were apprehensive about the state of crypto due to the government’s opposing stance. Security also seemed to be on the minds of the Indian people, since 26 percent of survey takers were worried about crypto hacks and 23 percent were concerned about losing funds in security breach incidents.
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