From Skepticism to Embracing: India's Shifting Attitude Towards Cryptocurrency Unveiled

Ever since the inception of cryptocurrency in the Global market there have been mixed opinions about the same from different aspects of the entire world and there have been very much different opinions that people do possess in themselves even today that difference does exist and with the passage of days and years, that difference is kind of minimizing as we are getting more and more people aware about the same thing after the currency in terms of education as well as a lot of information that is not known before.

From time to time there is numerous services have been conducted about cryptocurrencies in order to more easily understand the opinion of the public about various aspects of cryptocurrency as well as how much-penetrated cryptocurrency is right now at the moment in the entire world with the divisions of countries for sure.

A recent Global survey was conducted by 'Consensys' which is the leading web series Software Technology the findings of their survey were based upon Crypto and Web3. In this survey, various public opinions as well as behaviours related to Web 3 and the entire Crypto ecosystem have been noted which was participated by over 15000 participants who were aged between 18 and 65 and ranging across 15 countries including all major continents across the globe. If it talks about an overall scenario that this survey revealed was definitely going to be more inflammation towards active participation and empowerment as well as product community ownership associated with Web 3 has definitely seen a rise.

If you talk about India as a whole then 75% of the respondents expressed that they desired greater control of their internet identity or the online identity that they having as well as they have also noted that they are very much familiar with web3 projects over half of the respondents that work from India have voted of knowing about Web 3 projects like Metaverse and NFTs.

The Indian population is really a very massive one and of those participants participating from India of them 92% have demonstrated that they are aware of trips to currencies and know about their existence as well as they also share their opinions about cryptocurrency as the future of money who were 37% of the entire that were from India, huge some of the people also share their facts that they believe that cryptocurrency is going to beat the method to participate in the global financial ecosystem in the upcoming years.

Of the massive population that India has 20% of them do own cryptocurrencies as well as a massive 57% also share that they are going to own cryptocurrency in the upcoming year or so. As online identity is a huge issue right now in the entire world and data piracy laws are not that stringent at the moment as well as breaches are happening every now in them cryptocurrency is an upcoming fact that you can be using it in order to stay anonymous and prevent your data as well as identity from being misused, therefore 62% of the participants considered that cryptocurrency is definitely going to be that barrier that is going to save them from internet identity thefts and all of these that have two happen right now.

Another very interesting fact that this survey revealed was that the question was asked about what is the barrier that people do face in order to be entering the cryptocurrency ecosystem and for India it was mentioned as 47% of the respondent told that market volatility is the biggest reason followed by fear of scams as well as the complexity that it has and the understanding of the purpose that cryptocurrency stalls were mentioned as the barriers

All in all this survey was definitely a very interesting one which revealed many amazing facts that are not known before about the Indian public as well as the knowledge about cryptocurrency and the blocks in technology as a whole as well as their future opinions which may be compared with the fact that the current government is definitely imposing quite of few strict laws over cryptocurrency and its ownership but still, we can see a huge number of people in India to on them as well as to plan to on them in the upcoming days mostly they have a positive outlook about Crypto as a whole.

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