Cryptocurrency is currently the talk of the country. Whether the central government will approve the cryptocurrency or not, whether India will issue its own cryptocurrency or not is a matter of debate.
While the government is serious about this issue, a survey of Local Circles has come to light.
The central government is holding meetings on the sidelines. In this case, the organization has collected information about what people think about cryptocurrency.
The survey revealed shocking information. Not every other Indian is in favor of cryptocurrency. In other words, half of the population thinks that digital currency should be legalized in the country. 76% of people think that cryptocurrency should be banned in the country until rules are made.
At present, 71% of Indians do not believe in international cryptocurrencies at all. So 51% of people think that the Indian government should launch its digital currency. 54% of people think that cryptocurrency should not be legalized.
Also, the tax levied on it should be levied in the same way as it is levied on foreign digital assets. Only 26 percent are in favor of cryptocurrency. According to him, the government should approve cryptocurrency and then tax it.
87% of Indian households are away from this cryptocurrency. According to 74% of people, advertisements linked to cryptocurrencies do not address the dangers.
The central government is preparing to introduce a bill on cryptocurrency in the winter session. The RBI had recently raised concerns about cryptocurrency, followed by a meeting chaired by Prime Minister Narendra Modi. In which all issues were discussed.
Cryptocurrency observers claim that India's digital currency stood at 23 923 million in April 2020, an increase of about 6 6.6 billion in April 2021. However, RBI Governor K Shaktikant Das says there is a growing trend towards cryptocurrency in the country. Yet 70-80 per cent of Indians have invested only Rs 500 to Rs 1,000 in cryptocurrency.
LocalCircles has conducted this survey on cryptocurrency in the last 15 days. A total of 56000 people from 342 districts were polled. It was 66 percent male and 34 percent female. He wanted to know how much Indians believe in cryptocurrency.