“Investments in cryptocurrencies have witnessed a sharp growth in India,” said the Deloitte partner. crypto bitcoin cryptocurrency
Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity
Out of 1,800 respondents, 55.2% said they have invested in cryptocurrencies and will continue to do so. A further 26.8% said they have not invested in crypto but are willing to invest once the government provides more clarity regarding cryptocurrency regulation in India. Meanwhile, 10.3% said they have invested in crypto but will avoid investing in this asset class in the future. The remaining 7.8% said that they are against investing in crypto.
Furthermore, the survey found that 77.4% of respondents want cryptocurrency to be treated as securities. However, at least 58% of investors surveyed were not aware of the tax implications of investing in cryptocurrencies.