Mainstream Indian investors see “no easy way to enter” crypto

A study of more than 11,300 participants conducted by India’s CoinDCX exchange showed that a majority of Indian investors do not see a “easy” way of obtaining crypto-asset exposure. This is despite the reversal of a ban on financial institutions offering digital asset companies at the beginning of this year.

56% of surveyed participants aged under 40 claimed that the way into entering crypto markets is difficult. 60% of respondents with less than 500,000 Indian Rupee earnings ($6,700) annually also shared the same feeling. Several parts of the Indian population also list "legal and regulatory clarity" as the biggest obstacle to entry into the crypto-sector, which includes 22% of respondents aged 40 years old or above, 32% of undergraduates, and 23% of real estate investors. Graduates and respondents aged from 20 to 30 described "knowledge and education" as a major obstacle in embracing cryptography.

While 12% of those who interviewed reported owning crypto assets in the banking industry, 22% agreed that virtual currencies are a significant alternative investment that could contribute to a country's development.

In May 2018, India's Supreme Court reversed the ban that the Indian Reserve Bank in July 2018 imposed on banks that supply financial services to companies managing crypto assets.

Read more

93rd Reason For National Bitcoin Reserve: Round-the-Clock Liquidity Rescues Crisis Management Efforts

93rd Reason For National Bitcoin Reserve: Round-the-Clock Liquidity Rescues Crisis Management Efforts

Bitcoin's 24/7 operational capability provides governments with continuous access to liquid capital during emergencies, a feature traditional banking systems cannot match. While conventional financial markets shut down nights, weekends, and holidays, Bitcoin transactions continue uninterrupted across time zones and borders. This perpetual availability allows national treasuries to

By Albert Morgan