Crypto Currency In India: Is It Safe? Has It Been Banned In India?

The Total no of equity investors in India as of Oct'21 stood at 7.4 crores (both NSDL & CDSL combined) with total investment of Rs 274 lakh crore.

Total no of mutual fund investors in India as of Oct'21 stood at 11.4 crores with total AUM of Rs 37.3 lakh crore.

No of crypto currency investors in India

The total number of crypto investors in India stands at a few crores with total investment of Rs 6 lakh crores as per the advertisement released by a group of 13-members including Internet and Mobile Association of India, Blockchain& Crypto Assets Council's (BACC), crypto exchanges and others that are part of crypto investment ecosystem in India.

Here is a perspective on Cryptocurrency in India

• Cryptocurrency is getting widely adopted around the world, as the high rate of returns is luring many investors towards investment in crypto coins, despite it being highly volatile and risky.
• As per Triple A, a leading cryptocurrency payments company, global crypto ownership rate currently stands at 3.9%, with over 30crore crypto users worldwide and over 18,000 businesses already accepting cryptocurrency payments.

Hoe many crypto currency platforms are there in India?