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Demand for Crypto
The survey from KuCoin takes an in-depth look into the development of the #blockchain industry and crypto space in India. There is a surge in local demand for cryptos. Almost 40% of Indian crypto investors are under the age of 30.
Despite the local government’s stance on digital assets and the levying of a 30% tax on income received from digital assets, the Indian #crypto market is expected to reach $241 million by 2030. Spurred by the prospect, the Indian government has announced the launch of a digital rupee, further stimulating the local population’s interest in the #digitaleconomy.
The survey revealed that as of June 2022, roughly 115 million crypto investors in India either currently hold crypto or have traded crypto in the past six months, accounting for 15% of the Indian population aged 18 to 60 years.
The overall market downturn has also impacted sentiment, as reflected in the preference of an increased share of investors to keep the same amount of crypto rather than invest more in it. However, more than half of crypto investors still intend to increase their investments in crypto in the coming six months.
When it comes to the hurdles of crypto investment, a lack of sufficient knowledge of the crypto market is reflected by 41% of respondents who state that they are not sure which types of crypto investment products to choose, and 37% have difficulty managing the risk of their portfolios, and 27% have trouble predicting the market directions and values of crypto. 21% are not clear about how crypto works.
The ambiguity in government regulations has been a critical factor deterring potential investors. 33% report that government regulation is a concern when considering investing in crypto. The safety of investing in crypto is also a concern for many, as 26% worry about hackers being a threat, and 23% fear that they may not get their money back in case of security incidents.
The crypto space in India has bBy VARINDIA | 71 views
CRYPTO NEWS #137 || INR STOP, DORADO, VIVER, ETN, UNODAX, KUCOIN, MALTA BLOCKCHAIN NEWS
Hi Friends i show you in this video about Indian Crypto Exchanges Stop Services, Dorado, Viver Crytpto Coin, ETN News, Unocoin, Unodax, Kucoin, Malta Blockchain News.
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CRYPTO NEWS #119 || $4 MLNS DONATED, BANK ICO, BLOCKCHAIN CNETER, CRYPTO CYBER TOKEN, TRON, TENCENT
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CRYPTO NEWS #118 || 18% GST ON CRYPTO, $1.4 STOLEN, $18 MLNS HACKED,COINBASE, WAZIRX, ZEBPAY
Hi Friends I Show You in This Video Some Important Updates About Indian Govt GST 18% on Crypto, Bitcoin Price Prediction, Zebpay, Wazirx, South Africa Crypto News, Bithumb Exchange, XVG News, Money Forword, Japan Crypto News, Tim Drapper, IBM, 1800 Jobs in Crypto "World, Frankfurt Stock Exchange, Chile Crypto News, Coinbase Exchange, BTG Hacked, Onecoin.
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CRYPTO NEWS #117 || BTC ATM, DISHA, TOKENPAY, $2.1 MLNS SCAM, KUCOIN, PIZZA DAY, SPAIN CRYPTO NEWS
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KUCOIN EXCHANGE VERIFICATION PROCESS STEP BY STEP IN HINDI BY DINESH KUMAR
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KUCOIN EXCHANGE HOW TO ACTIVATE 2FA SERVICE || अपने अकाउंट को और ज्यादा सुरक्षित कैसे करें?
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KUCOIN EXCHANGE REGISTRATION || KUCOIN में रजिस्ट्रेशन कैसे करें?
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Bitcoin Cash- 1JV86mqjdVsiKDeVY1qxz9cUPTZ9SFfN7mBy Money Growth | 818 views
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Monsoon | Shimla | Damage
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Monsoon | Shimla | DamageBy Himachal Abhi Abhi | 9624 views
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ಹಬ್ಬಕ್ಕೆ ಚಂದವಾದ ತೋರಣ || Thorana designs || How to make Thorana decorations || Kannada sanjeevani
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