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.
Bollywood actor Ranveer Singh is the brand ambassador for India's latest unicorn, cryptocurrency exchange Coinswitch Kuber.ST PHOTO: ROHINI MOHAN

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.

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