It is one of the largest companies in the region and is expanding rapidly. An October report from Chainalysis, a crypto analytics firm, shows that the Indian market grew 641% between July 2020 and June 2021. Overall, central and southern Asia was the fourth largest crypto market studied, with over $572.5 billion in value received during that time period, or 14% of global transaction value. Transfers worth more than $10 million accounted for 42% of transactions sent from addresses in India during that period, compared with 28% for Pakistan and 29% for Vietnam. That suggests a more mature Indian market. At the same time, India – with its relatively young and tech-savvy population – is second only to Vietnam in terms of growth rate of cryptocurrency adoption by retail investors in the region.
https://www.washingtonpost.com/business/is-india-banning-cryptocurrency-how-can-it-do-that-quicktake/2021/11/28/9cf17eb4-5096-11ec-83d2-d9dab0e23b7e_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business Is India Banning Cryptocurrencies? How can it do that?: QuickTake