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🇮🇳 151 Countries. One Winner. Three Years in a Row.
Chainalysis ranked 151 countries for crypto adoption.
India is No. 1 - for the third consecutive year.
The Numbers:
↳ $338B in crypto volume
↳ 99% YoY growth
↳ 119M crypto users
Now the irony
↳ 30% tax on gains
↳ 1% TDS on every transaction
↳ No clear regulation
↳ 180+ crypto startups have left India
Yet India remains #1.
The Big Question:
On July 2, Parliament will question the RBI on crypto.
The RBI has already stated that VDAs should not be permitted to operate.
The world ranks India No. 1 in crypto adoption.
Its regulators are still studying it.
The world is adopting crypto out of necessity.
India is adopting it despite the system.
Imagine what could happen with regulatory clarity.