More than a third of India's urban dwellers oppose crypto law: Survey

More than a third of India’s urban dwellers oppose the government’s plan to regulate cryptocurrencies, according to a survey by market researcher YouGov.
 
Those opposed to regulation cited concerns ranging from heavy taxation to a potential outright ban on non-exchange-traded tokens, the  firm said in an emailed statement. Among people who invest in crypto, more than half are against regulation.
 
India’s crypto industry is anxiously awaiting details of a proposed Bill. Any clampdown could have far-reaching implications, as the nation of 1.4 billion people has the second-fastest rate of crypto adoption behind Vietnam, according to Chainalysis. The Cabinet