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More than half of Indian crypto investors plan to invest more in next six months: report

A latest survey by KuCoin discovered that 54% of Indian crypto investors will look to take a position extra in these digital property over the subsequent six months.

It additionally discovered that about 10% of Indian adults are interested in crypto and planning to put money into it within the subsequent six months.

The survey mentioned 56% of traders consider crypto to be the way forward for finance, and 52% put money into crypto to earn passive earnings and enhance their way of life.

The optimism on crypto funding comes regardless of central financial institution’s pessimism. Earlier this week, RBI governor Shaktikanta Das warned in opposition to investing in cryptocurrency. Noting that the RBI has cautioned traders on a number of events in regards to the dangers of investing in crypto, Das mentioned, “I’m joyful that we sounded these warning alerts and I want to consider that numerous folks would have taken a observe of the warning alerts and the considerations expressed by the Reserve Financial institution.”

On the difficulties of investing in crypto, 41% of respondents cited an absence of ample data in regards to the crypto market, whereas 37% mentioned they discover it laborious to handle danger.

Ambiguity in authorities laws has been a vital issue deterring potential traders, the survey discovered. Round 33% of respondents mentioned that authorities regulation is a priority when contemplating investing in crypto.

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The security of investing in crypto can be a priority for a lot of, with 26% of respondents saying they’re apprehensive about hackers stealing their cash.

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