Chainalysis
September 16, 2024
Chainalysis Unicorn News - September 16, 2024
Chainalysis reports that India has topped the 2024 Global Adoption Index for cryptocurrency, showcasing robust growth despite stringent regulatory measures. The collaborative efforts between the industry and regulators have paved the way for this significant achievement.
() Introduction
() Chainalysis Reports India's Leadership in Crypto Adoption Despite Regulatory Challenges
India has ascended to the top of the 2024 'Global Adoption Index' for cryptocurrency, as reported by Chainalysis on September 16, 2024. This achievement comes despite stringent regulatory measures, including a high capital gains tax on cryptocurrency and a 1% tax on all transactions. Chainalysis attributes India's robust crypto growth to the ongoing collaboration between the cryptocurrency industry and regulators, which has clarified the path for adoption. This information is part of Chainalysis's 2024 Geography of Cryptocurrency Report, which offers a detailed analysis of global crypto adoption trends.
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