The real story of cryptocurrency in India, survey uncovered the craze

In the survey, when people were asked how much they believe in cryptocurrency, only 1 percent of people expressed their trust in it. Whereas 71 percent of the people said that they have little or no faith in cryptocurrency.

🔴 Half of India's population is not in favor of crypto.

🔴 54% against bringing Indian crypto under the purview of the law.

🔴 76 percent Indians against advertising for crypto.

Nowadays the news of ban on cryptocurrency in India is very much discussed. An environment is being created on behalf of many people that the people of India are not in favor of ban on cryptocurrency and the government should take care of it. But a recent survey tells a different story. According to this survey, 54 percent i.e. more than half of the people of India believe that crypto should not be recognized in India.

     What is the opinion of the country?

54 percent of the people in India also believe that those who have cryptocurrency should be taxed as property kept abroad. Whereas 26 percent of Indians believe that Crypto should be recognized and it should be taxed in India. In the same survey, 51 percent people have admitted that they are waiting for the launch of government cryptocurrency by the Reserve Bank of India.

     Only 1 percent of people believe

In this survey, when people were asked how much they believe in cryptocurrency, only 1 percent of people expressed a lot of trust in it. Whereas 71 percent of the people said that they have little or no faith in cryptocurrency. This survey says that 87 percent of the households in India neither have any kind of cryptocurrency nor have they invested any kind in it. This survey has been done during the last 15 days, in which more than 56 thousand people of 342 districts of India were involved. Of these, 76 percent of people also believe that crypto currency ads should be banned and 74 percent say that these ads are misleading and do not properly explain the dangers of crypto.