India’s cryptocurrency investors are playing with fire ...Middle East

Indian investors are flocking to cryptocurrencies like never before and the trend could be a dangerous one.Indians had parked nearly $6.6 billion (Rs49,189 crore) in cryptocurrencies until May this year, as compared to around $923 million until April 2020. The country ranks 11 out of 154 nations (pdf) in terms of cryptocurrency adoption, as per blockchain data firm Chainalysis.Many believe that this growth is still just the tip of the iceberg and many more Indians will likely flock to digital coins in the near future. “India has a population of 1.39 billion that is predominantly young which is seen as tech-savvy and more adaptable to crypto saving,” Harish BV, co-founder of Unocoin, which ha

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