India tops crypto adoption globally in 2024: According to Chainalysis’ 2024 Global Adoption Index, India ranks first in cryptocurrency adoption. This growth is driven by HIGH mobile penetration and a large unbanked population, facilitating easier access to digital platforms. The market could reach 6.6 billion USD by year’s end.
Stablecoins needed despite india’s impressive crypto growth: Despite India’s top ranking, HIGH regulatory taxes pose challenges. Stablecoins offer solutions by enhancing remittance methods for a market valued over 150 billion USD. Industry leaders emphasize policy reforms to better accommodate stablecoin integration, supporting innovations in the fintech sector.
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