India has world's largest number of crypto owners, most under 35

Bollywood actor Ranveer Singh is the brand ambassador for India's latest unicorn, cryptocurrency exchange Coinswitch Kuber. ST PHOTO: ROHINI MOHAN
New: Gift this subscriber-only story to your friends and family

BANGALORE - Indians are racing ahead of the world in adopting cryptocurrency, fuelled by curiosity and a desire to get rich fast, especially among millennials.

Even as the Indian government is ambivalent about how to regulate the digital coin ecosystem (the central bank banned it briefly in 2018), a 50-country study by investment portal BrokerChooser found that at more than 100 million, India has the largest number of cryptocurrency owners, followed by the United States and Russia.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.