Skip to main content

In India, 7.3% Of The Population Owned Digital Currency in 2021

 In India, 7.3% Of The Population Owned Digital Currency in 2021



 Over seven percent of India’s population owns digital currency, according to the UN, which said the use of cryptocurrency rose globally at an unprecedented rate during the Covid-19 pandemic.



India ranked seventh in the list of top 20 global economies for digital currency ownership in 2021:

• The UN trade and development body, UNCTAD said in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies. 


• Ukraine topped the list with 12.7 per cent, followed by Russia (11.9 per cent), Venezuela (10.3 per cent), Singapore (9.4 per cent), Kenya (8.5 per cent), and the US (8.3 per cent). 


• In India, 7.3 per cent of the population owned digital currency in 2021, ranking seventh in the list of top 20 global economies for digital currency ownership as share of population.



Issues Related With This:

• In three policy briefs published, it said that while these private digital currencies have rewarded some and facilitate remittances, they are an unstable financial asset that can bring social risks and costs.


• The policy brief titled “All that glitters is not gold: The high cost of leaving cryptocurrencies unregulated” examines the reasons for the rapid uptake of cryptocurrencies in developing countries, including facilitation of remittances and as a hedge against currency and inflation risks.

• It said that recent digital currency shocks in the market suggest that there are private risks to holding crypto, but if the central bank steps in to protect financial stability, then the problem becomes a public one.


• “If cryptocurrencies become a widespread means of payment and even replace domestic currencies unofficially (a process called cryptoisation), this could jeopardise the monetary sovereignty of countries,” it said.

Labels:

Comments

Post a Comment

Popular posts from this blog

How to Send Money from PayPal to Wise: A Complete Guide for 2025

 How to Send Money from PayPal to Wise: A Complete Guide for 2025 Sending moneyfrom paypal to wise In today's globally connected world, sending and receiving money internationally has become part of everyday life. Whether you're a freelancer getting paid from clients abroad, a business owner managing global vendors, or someone sending money to family overseas  platforms like  PayPal  and  Wise (formerly TransferWise)  have made cross-border transactions easier than ever. But what if you want to move money  from PayPal to Wise ? Well, here's the catch:  PayPal doesn’t support direct transfers to Wise . But don’t worry there's a  simple workaround  that millions of people use, and this guide will walk you through  how to send money from PayPal to Wise in 2025 , step by step. Let’s break it all down in this practical, up-to-date guide. Why Transfer Money from PayPal to Wise? Before diving into the how, let’s understand  why  ...
Post a Comment
Read more

🌍 Selling with Soul: Why ‘It’s an Art, Selling Isn’t a Job’ by S. RAI Is Going Global in 2025

 Introduction – Why the World is Talking About This Book What if the next global bestseller didn’t come from New York or London—but from India? That’s exactly what  It’s an Art, Selling Isn’t a Job  by  S. RAI  is doing in 2025. In a time when cold scripts and aggressive selling are losing power, this book delivers a refreshing truth: 👉  Selling is not a job — it’s a human connection. With thousands already downloading it on  Amazon Kindle  and  KDP , this book is now  India’s newest global export in self-help and motivational literature . 📘 What’s This Book About? It’s an Art, Selling Isn’t a Job  is not your typical sales manual. Instead of pushing products, it teaches you how to: Lead with  empathy Sell with  authenticity Build  long-lasting relationships Trust your  intuition  in high-stakes situations Whether you're in  Silicon Valley or Sydney , if you're in sales, marketing, or leadership — thi...
Post a Comment
Read more

Super Veggie Bowl & Nutty Pudding: Bryan Johnson’s Anti-Aging Recipes for Longevity

Why Bryan Johnson’s Recipes Matter Bryan Johnson, the entrepreneur known for his focus on health and longevity, has created daily meals designed to slow aging and boost vitality. His approach combines nutrient density with science-backed ingredients to fuel the body, protect cells, and support long-term health. Two standout recipes in his routine are the  Super Veggie bowl for lunch  and the  Nutty Pudding for dessert . The Super Veggie Bowl: A Nutrient Power Lunch This colorful bowl is packed with plant-based goodness and carefully chosen ingredients to maximize energy and cellular health. Key ingredients often include: Black lentils for plant protein and fiber Cruciferous vegetables like broccoli and cauliflower for antioxidants Shiitake or maitake mushrooms for immune support Garlic and ginger for anti-inflammatory benefits Hemp seeds and extra-virgin olive oil for healthy fats Fresh lime and apple cider vinegar for flavor and gut support Cooked with a focus on preserv...
Post a Comment
Read more