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Understanding Penetration And Preference For Crypto Currencies in India

Aroscop presents a study to gauge consumer perception towards Cryptocurrencies, their understanding and acceptance of trading in Crypto, and overall outlook towards the trading instrument.

Here’s what we found on analyzing 600+ responses -

  • 50% of the people who have responded are not aware of cryptocurrencies.
  • Nearly half of the respondents agree that the Government should make crypto legal in India.
  • Respondents from southern states are more aware of crypto currencies than rest
  • 41% of respondents believe cryptocurrencies have recently become a preferred choice of investment
  • Among the urban respondents, 70% of those who are aware of cryptocurrencies plan to increase their investments in digital currencies.
  • More than a third (35%) of the respondents are planning to increase their investment in cryptocurrency

Some of the questions that the report aims to answer -

  1. Which regions are more inclined to make crypto trading legal in India?
  2. Which audience cohorts believe the current taxation on crypto is reasonable?
  3. Which age-groups prefer crypto as their investment option?
  4. What do people think about 30% tax on gains from crypto transactions?
  5. Which audience segments plan to increase their investment in crypto?

Get answers to more such questions. Download the report now!

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