Most Indians don't want crypto legalised, have low or zero trust: Survey

More than half the 29,352 respondents say it should be taxed like a digital asset held abroad

A little more than half of the respondents (54 per cent) of a survey said they do not want the government to legalise cryptocurrencies and want these to be taxed like a digital asset held abroad, according to research firm LocalCircles.

The survey, which was conducted across 342 districts in the last 15 days and had 29,352 participants, showed that 71 per cent of the respondents had low or zero trust in cryptocurrencies.

Meanwhile, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is set to be tabled in the Parliament during the Winter Session. The Bill also seeks to prohibit