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Over 7% of Indians owned cryptocurrencies in 2021: UN report

  • In particular, about 7.3% of the Indian population owned cryptocurrencies in 2021 to account for the eighth position globally in digital asset ownership across.
  • According to UNCTAD, among other countries, Ukraine ranked top with 12.7%, followed by Russia, Venezuela, Singapore, Kenya, and the U.S. The UN agency also stated that the ownership of cryptocurrencies in India and other countries was accelerated by the economic effects of the coronavirus pandemic with most investors believing that digital assets can offer some cushion against rising inflation.
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