Survey Reflects India's Strong Sentiment Towards Crypto Before and After Ban

A survey released on April 2 and conducted by peer-to-peer Bitcoin (BTC) marketplace Paxful revealed growing positive sentiment in terms of cryptocurrency adoption in India. Prior to the Reserve Bank of India's crypto ban lifting, Paxful said that trade volume in the P2P marketplace in January exceeded $3 million, taking into account that 93.8% of respondents invested in cryptos before the ban.

Growing cryptocurrency adoption in India Speaking with Cointelegraph, Paxful’s CEO Ray Youssef said that, now that crypto business can receive banking series in the country, the cryptocurrency space will see significant growth: “Momentum will rise either way. Future is bright for the Indian market The report ensures that the future of cryptocurrencies in India looks “bright,” as 43.50% of respondents look forward to an increase in jobs and the ability to take on entrepreneurial endeavors thanks to the crypto market.

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