Crypto has undoubtedly been on everyone's radar, regardless of the varied attitudes towards its growth or impact (yet) across industries and the mainstream. While the consensus on what kind of effect it really brings to our society is still shaping up, the data tell us how it is rapidly evolving and fuelling innovation across sectors attracting serious attention from diverse investors and governments, of course.
India has bagged the second position in crypto adoption worldwide, according to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis. India is now only behind Vietnam but ahead of global powerhouses like the US, the UK, and China.
India's global crypto market, like other parts of the Internet economy, is powered by the growing requirement for transparency and decentralization of archaic structures of authority.
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