#top Indian crypto exchange

[platinxexchange7]

You will have to compare the top Indian crypto platforms based on three key factors which are Security, fees, and features

[yacrypto]

Get the Top Crypto Trading Platform - YaCrypto

YaCrypto gives the top crypto trading platforms. Our platform is designed to provide comprehensive guidance and support. YaCrypto is your go-to destination for cryptocurrency trading for beginners.

[indiancryptoexchanges]

Bitcoiva is one of the best crypto currency exchanges in India offers 360+ crypto pairs with high liquidity and low trading fees. Bitcoiva is the best Indian crypto platform to trade bitcoin, altcoin and other cryptos. It provides the features such as p2p trading, instant swapping, spot trading, earning upto 61.5% staking bonus.

[indiancryptocurrencyexchanges]

Bitcoiva is one of the top crypto currency exchange to buy bitcoin, ethereum, ada, solana, etc with 160+ cryptocurrencies with safe and secure platform. Are you looking for the crypto exchanges with low fees, bitcoiva is the best crypto trading platform in India for 1000x returns and earnings. visit: https://bitcoiva.com/

[cryptonewspod]

Best App For Cryptocurrency Trading In India - CryptoNewsPod

Best App For Cryptocurrency Trading In India – Cryptocurrencies have become increasingly popular in India over the last few years. With the rise in demand, there has been a surge in the number of cryptocurrency trading apps in the market. In any case, not all applications are made equivalent, Additionally, selecting the appropriate app can seem like a daunting task. In this article, we will take…

[platinxexchange]

Best Indian Crypto Platform

Platinx Exchange is the best Indian Crypto Platform to invest in crypto assets in India. It has been developed on the blockchain technology using the fastest matching engine. It is the best Crypto platform, as it provide effective and better opportunity to trade in a safe and secure trading environment.

The Platinx Exchange is also developed by a team of Indian tech enthusiasts who have worked to keep the platform fast and updated. It enables the investors to choose better and gain better profit margins on the investment made over the platform.

[cryptogirl2024]

Government Agencies Probe Into WazirX’s $234M Crypto Hack

India’s biggest crypto exchange WazirX hit by a cyberattack with over Rs 2,000 crore stolen.

The prime regulatory bodies FIU, IB, and CERT-In actively probe WazirX for the $234m crypto theft.

Soon after the attack, hackers began laundering stolen funds using Tornado Cash.

In a dramatic twist for India's crypto scene, WazirX, one of the big names in cryptocurrency exchanges, got hit by a cyber hack back in July. Now the big guns- the Financial Intelligence Unit (FIU), Intelligence Bureau (IB) and the Indian Computer Emergency Response Team (CERT-In)- are on the investigation. 

The damage is a whopping Rs 2,000 crore, equivalent to $234 million stolen without any evidence. Now, tons of users are left hanging, wondering about refunds and if their digital dough is gone for good.

These agencies have been huddling up with WazirX's executives trying to figure out what went down. It's a full-on investigation mode with the FIU looking into the money trail, the IB checking out security lapses, and CERT-In dealing with the tech mess.

Related: North Korean Hackers Suspected in $235 Million WazirX Cryptocurrency Theft

WazirX has been pretty upfront, handing over all sorts of logs from servers, laptops, transaction details, and even blockchain addresses that might be linked to the hack. To lay out the facts, the outlook of this hack is quite devastating. They've already said that nearly 43% of their users might not see their crypto assets again, with most of the affected users being from India.

And just when an investor might think it couldn’t get worse, the hackers have started moving the stolen crypto. Reports say they’re using Tornado Cash, a crypto mixer that makes it tough to track where the money's going. 

Amidst all this chaos, WazirX reposted a video from their YouTube that promised users a 100% profit on any future rise in crypto prices. However, the crypto community's got their eyes glued to how this unfolds, because this isn’t just about WazirX—it's about the safety and security of digital assets in a world where cyber thieves are getting bolder by the day.

[cryptoexchange2024]

Crypto Trading Platform

The Best Crypto Trading Platform for Indian Users

Unitic Exchange is rapidly becoming one of the top crypto exchanges in India, providing a secure, intuitive, and user-friendly environment for all your cryptocurrency needs. As a government-registered platform (FIU: REID VA00045700), Unitic ensures that your crypto trading experience is safe, transparent, and fully compliant with regulations.

Why Unitic Exchange is the Best Crypto Trading App

In the crowded market of crypto trading apps, Unitic stands out due to its user-centric features, low fees, and seamless integration of bank transfers. Here’s why Unitic Exchange is the best app for crypto trading

Low Trading Fees: One of the lowest fee structures in the market ensures that your profits remain maximized.

Secure Transactions: Advanced security protocols protect your assets and personal information, making it the most secure crypto exchange.

Fiat-to-Crypto & Crypto-to-Fiat Conversions: Easy INR deposits and withdrawals through verified bank accounts offer an effortless trading experience.

Wide Range of Cryptocurrencies: Whether it’s Bitcoin, Ethereum, or popular altcoins, Unitic has a vast selection for traders to explore.

[companyknowledgenews]

Lower-Income Nations Drive Crypto Adoption Worldwide for Financial Stability - Notice Important Internet https://www.merchant-business.com/lower-income-nations-drive-crypto-adoption-worldwide-for-financial-stability/?feed_id=197518&_unique_id=66e34e261d163 #GLOBAL - BLOGGER BLOGGER Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide. Commanding the forefront is India, swiftly followed by Nigeria and Indonesia.Why? Because crypto addresses many financial issues individuals and businesses from less developed nations often face. It can boost their economic and purchasing power.7 CSAO Countries Lead Crypto AdoptionCSAO nations currently lead the world in crypto adoption, with 7 out of the top 20 nations being from the region. Closely following behind are the Philippines, Pakistan, Thailand, and Cambodia.A recent report stated that 40% of American adults now own crypto. However, the US ranks fourth on Chainalysis’ crypto adoption worldwide list, suggesting the number of Indian, Nigerian, and Indonesian crypto holders surpasses this percentage.  According to Chainalysis, the CSAO nations have a distinct pattern of crypto activity, mostly on local crypto exchanges, encompassing DeFi and merchant services.Crypto adoption worldwide increased across countries with varying income brackets. However, there has been a notable decline in use by high-income nations since the beginning of 2024.  A Safety Net for the Unbanked? Just last year, over 190M Indian individuals were unbanked. Interestingly, the nation’s fintech acceptance rate was 87%, which explains the nation’s crypto adoption. There are many reasons why lower-income countries might adopt crypto at a quicker pace than their wealthier counterparts:  Offers an alternative to conventional financial services that less-wealthy regions lack, enabling them to buy, sell, and receive payments Opens a quick and easy way to send and receive money worldwide. Countries with large migrant worker populations might find this useful  Enables them to explore DeFi, which allows them to access loans and savings without having to rely on TradFi services that often have stringent regulations (like KYC) in place  Helps reduce corruption issues because of the transparency of blockchain-based payments  Overrides inflation issues. For example, stablecoins (often pegged to the US dollar) might offer a more stable value than their local currency The US dollar is much stronger than the Indian rupee. It is ranked as the 12th-highest currency worldwide. The rupee is much lower on the list, placed 94th.An Indian buying a stablecoin pegged to the US dollar (like $USDT or $USDC) would shield them from currency fluctuations in their home country.Verdict – Crypto’s More Than an Investment InstrumentChainalysis’ report shows that lower-income nations are doing way more than just partaking in crypto investments – they’re running it. The CSAO countries’ crypto adoption is likely driven by their economies’ financial troubles and need for more financial empowerment. Crypto protects individuals and businesses against inflation, gives financial access to the unbanked, and enables anyone to send and receive payments worldwide transparently. References Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.Our Editorial ProcessThe Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers.

We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.“A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide.  Why? Because crypto addresses many financial issues individuals and businesses from less……”Source Link: https://techreport.com/crypto-news/lower-income-nations-drive-crypto-adoption-worldwide/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/1-s2.0-S104453231300033X-gr3.jpg Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis … Read More

[technologycompanynews]

Lower-Income Nations Drive Crypto Adoption Worldwide for Financial Stability - Notice Important Internet - BLOGGER https://www.merchant-business.com/lower-income-nations-drive-crypto-adoption-worldwide-for-financial-stability/?feed_id=197515&_unique_id=66e34e232fccc Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide. Commanding the forefront is India, swiftly followed by Nigeria and Indonesia.Why? Because crypto addresses many financial issues individuals and businesses from less developed nations often face. It can boost their economic and purchasing power.7 CSAO Countries Lead Crypto AdoptionCSAO nations currently lead the world in crypto adoption, with 7 out of the top 20 nations being from the region. Closely following behind are the Philippines, Pakistan, Thailand, and Cambodia.A recent report stated that 40% of American adults now own crypto. However, the US ranks fourth on Chainalysis’ crypto adoption worldwide list, suggesting the number of Indian, Nigerian, and Indonesian crypto holders surpasses this percentage.  According to Chainalysis, the CSAO nations have a distinct pattern of crypto activity, mostly on local crypto exchanges, encompassing DeFi and merchant services.Crypto adoption worldwide increased across countries with varying income brackets. However, there has been a notable decline in use by high-income nations since the beginning of 2024.  A Safety Net for the Unbanked? Just last year, over 190M Indian individuals were unbanked. Interestingly, the nation’s fintech acceptance rate was 87%, which explains the nation’s crypto adoption. There are many reasons why lower-income countries might adopt crypto at a quicker pace than their wealthier counterparts:  Offers an alternative to conventional financial services that less-wealthy regions lack, enabling them to buy, sell, and receive payments Opens a quick and easy way to send and receive money worldwide. Countries with large migrant worker populations might find this useful  Enables them to explore DeFi, which allows them to access loans and savings without having to rely on TradFi services that often have stringent regulations (like KYC) in place  Helps reduce corruption issues because of the transparency of blockchain-based payments  Overrides inflation issues. For example, stablecoins (often pegged to the US dollar) might offer a more stable value than their local currency The US dollar is much stronger than the Indian rupee. It is ranked as the 12th-highest currency worldwide. The rupee is much lower on the list, placed 94th.An Indian buying a stablecoin pegged to the US dollar (like $USDT or $USDC) would shield them from currency fluctuations in their home country.Verdict – Crypto’s More Than an Investment InstrumentChainalysis’ report shows that lower-income nations are doing way more than just partaking in crypto investments – they’re running it. The CSAO countries’ crypto adoption is likely driven by their economies’ financial troubles and need for more financial empowerment. Crypto protects individuals and businesses against inflation, gives financial access to the unbanked, and enables anyone to send and receive payments worldwide transparently. References Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.Our Editorial ProcessThe Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers.

We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.“A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide.  Why? Because crypto addresses many financial issues individuals and businesses from less……”Source Link: https://techreport.com/crypto-news/lower-income-nations-drive-crypto-adoption-worldwide/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/1-s2.0-S104453231300033X-gr3.jpg BLOGGER - #GLOBAL Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis … Read More

[platinxexchange7]

Find out the Best Application for crypto trading

Platinx also offers a wide range of cryptocurrencies to trade. This means that traders can diversify their portfolios by investing in different digital assets.

Learn more: https://www.quora.com/What-is-the-best-application-for-crypto-trading/answer/Rahul-Garg-1845

[onlinecompanynews]

Lower-Income Nations Drive Crypto Adoption Worldwide for Financial Stability - Notice Important Internet https://www.merchant-business.com/lower-income-nations-drive-crypto-adoption-worldwide-for-financial-stability/?feed_id=197514&_unique_id=66e34e2206b31 Chai... BLOGGER - #GLOBAL Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide. Commanding the forefront is India, swiftly followed by Nigeria and Indonesia.Why? Because crypto addresses many financial issues individuals and businesses from less developed nations often face. It can boost their economic and purchasing power.7 CSAO Countries Lead Crypto AdoptionCSAO nations currently lead the world in crypto adoption, with 7 out of the top 20 nations being from the region. Closely following behind are the Philippines, Pakistan, Thailand, and Cambodia.A recent report stated that 40% of American adults now own crypto. However, the US ranks fourth on Chainalysis’ crypto adoption worldwide list, suggesting the number of Indian, Nigerian, and Indonesian crypto holders surpasses this percentage.  According to Chainalysis, the CSAO nations have a distinct pattern of crypto activity, mostly on local crypto exchanges, encompassing DeFi and merchant services.Crypto adoption worldwide increased across countries with varying income brackets. However, there has been a notable decline in use by high-income nations since the beginning of 2024.  A Safety Net for the Unbanked? Just last year, over 190M Indian individuals were unbanked. Interestingly, the nation’s fintech acceptance rate was 87%, which explains the nation’s crypto adoption. There are many reasons why lower-income countries might adopt crypto at a quicker pace than their wealthier counterparts:  Offers an alternative to conventional financial services that less-wealthy regions lack, enabling them to buy, sell, and receive payments Opens a quick and easy way to send and receive money worldwide. Countries with large migrant worker populations might find this useful  Enables them to explore DeFi, which allows them to access loans and savings without having to rely on TradFi services that often have stringent regulations (like KYC) in place  Helps reduce corruption issues because of the transparency of blockchain-based payments  Overrides inflation issues. For example, stablecoins (often pegged to the US dollar) might offer a more stable value than their local currency The US dollar is much stronger than the Indian rupee. It is ranked as the 12th-highest currency worldwide. The rupee is much lower on the list, placed 94th.An Indian buying a stablecoin pegged to the US dollar (like $USDT or $USDC) would shield them from currency fluctuations in their home country.Verdict – Crypto’s More Than an Investment InstrumentChainalysis’ report shows that lower-income nations are doing way more than just partaking in crypto investments – they’re running it. The CSAO countries’ crypto adoption is likely driven by their economies’ financial troubles and need for more financial empowerment. Crypto protects individuals and businesses against inflation, gives financial access to the unbanked, and enables anyone to send and receive payments worldwide transparently. References Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.Our Editorial ProcessThe Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers.

We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.“A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide.  Why? Because crypto addresses many financial issues individuals and businesses from less……”Source Link: https://techreport.com/crypto-news/lower-income-nations-drive-crypto-adoption-worldwide/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/1-s2.0-S104453231300033X-gr3.jpg #GLOBAL - BLOGGER Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis … Read More

[smartcompanynewsweb]

Lower-Income Nations Drive Crypto Adoption Worldwide for Financial Stability - Notice Important Internet - #GLOBAL https://www.merchant-business.com/lower-income-nations-drive-crypto-adoption-worldwide-for-financial-stability/?feed_id=197511&_unique_id=66e34e1ee23b1 Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide. Commanding the forefront is India, swiftly followed by Nigeria and Indonesia.Why? Because crypto addresses many financial issues individuals and businesses from less developed nations often face. It can boost their economic and purchasing power.7 CSAO Countries Lead Crypto AdoptionCSAO nations currently lead the world in crypto adoption, with 7 out of the top 20 nations being from the region. Closely following behind are the Philippines, Pakistan, Thailand, and Cambodia.A recent report stated that 40% of American adults now own crypto. However, the US ranks fourth on Chainalysis’ crypto adoption worldwide list, suggesting the number of Indian, Nigerian, and Indonesian crypto holders surpasses this percentage.  According to Chainalysis, the CSAO nations have a distinct pattern of crypto activity, mostly on local crypto exchanges, encompassing DeFi and merchant services.Crypto adoption worldwide increased across countries with varying income brackets. However, there has been a notable decline in use by high-income nations since the beginning of 2024.  A Safety Net for the Unbanked? Just last year, over 190M Indian individuals were unbanked. Interestingly, the nation’s fintech acceptance rate was 87%, which explains the nation’s crypto adoption. There are many reasons why lower-income countries might adopt crypto at a quicker pace than their wealthier counterparts:  Offers an alternative to conventional financial services that less-wealthy regions lack, enabling them to buy, sell, and receive payments Opens a quick and easy way to send and receive money worldwide. Countries with large migrant worker populations might find this useful  Enables them to explore DeFi, which allows them to access loans and savings without having to rely on TradFi services that often have stringent regulations (like KYC) in place  Helps reduce corruption issues because of the transparency of blockchain-based payments  Overrides inflation issues. For example, stablecoins (often pegged to the US dollar) might offer a more stable value than their local currency The US dollar is much stronger than the Indian rupee. It is ranked as the 12th-highest currency worldwide. The rupee is much lower on the list, placed 94th.An Indian buying a stablecoin pegged to the US dollar (like $USDT or $USDC) would shield them from currency fluctuations in their home country.Verdict – Crypto’s More Than an Investment InstrumentChainalysis’ report shows that lower-income nations are doing way more than just partaking in crypto investments – they’re running it. The CSAO countries’ crypto adoption is likely driven by their economies’ financial troubles and need for more financial empowerment. Crypto protects individuals and businesses against inflation, gives financial access to the unbanked, and enables anyone to send and receive payments worldwide transparently. References Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.Our Editorial ProcessThe Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers.

We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.“A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide.  Why? Because crypto addresses many financial issues individuals and businesses from less……”Source Link: https://techreport.com/crypto-news/lower-income-nations-drive-crypto-adoption-worldwide/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/1-s2.0-S104453231300033X-gr3.jpg BLOGGER - #GLOBAL

[bravecompanynews]

Lower-Income Nations Drive Crypto Adoption Worldwide for Financial Stability - Journal Today Web - #GLOBAL https://www.merchant-business.com/lower-income-nations-drive-crypto-adoption-worldwide-for-financial-stability/?feed_id=197437&_unique_id=66e3484a78b09 Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide. Commanding the forefront is India, swiftly followed by Nigeria and Indonesia.Why? Because crypto addresses many financial issues individuals and businesses from less developed nations often face. It can boost their economic and purchasing power.7 CSAO Countries Lead Crypto AdoptionCSAO nations currently lead the world in crypto adoption, with 7 out of the top 20 nations being from the region. Closely following behind are the Philippines, Pakistan, Thailand, and Cambodia.A recent report stated that 40% of American adults now own crypto. However, the US ranks fourth on Chainalysis’ crypto adoption worldwide list, suggesting the number of Indian, Nigerian, and Indonesian crypto holders surpasses this percentage.  According to Chainalysis, the CSAO nations have a distinct pattern of crypto activity, mostly on local crypto exchanges, encompassing DeFi and merchant services.Crypto adoption worldwide increased across countries with varying income brackets. However, there has been a notable decline in use by high-income nations since the beginning of 2024.  A Safety Net for the Unbanked? Just last year, over 190M Indian individuals were unbanked. Interestingly, the nation’s fintech acceptance rate was 87%, which explains the nation’s crypto adoption. There are many reasons why lower-income countries might adopt crypto at a quicker pace than their wealthier counterparts:  Offers an alternative to conventional financial services that less-wealthy regions lack, enabling them to buy, sell, and receive payments Opens a quick and easy way to send and receive money worldwide. Countries with large migrant worker populations might find this useful  Enables them to explore DeFi, which allows them to access loans and savings without having to rely on TradFi services that often have stringent regulations (like KYC) in place  Helps reduce corruption issues because of the transparency of blockchain-based payments  Overrides inflation issues. For example, stablecoins (often pegged to the US dollar) might offer a more stable value than their local currency The US dollar is much stronger than the Indian rupee. It is ranked as the 12th-highest currency worldwide. The rupee is much lower on the list, placed 94th.An Indian buying a stablecoin pegged to the US dollar (like $USDT or $USDC) would shield them from currency fluctuations in their home country.Verdict – Crypto’s More Than an Investment InstrumentChainalysis’ report shows that lower-income nations are doing way more than just partaking in crypto investments – they’re running it. The CSAO countries’ crypto adoption is likely driven by their economies’ financial troubles and need for more financial empowerment. Crypto protects individuals and businesses against inflation, gives financial access to the unbanked, and enables anyone to send and receive payments worldwide transparently. References Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.Our Editorial ProcessThe Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers.

We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.“A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide.  Why? Because crypto addresses many financial issues individuals and businesses from less……”Source Link: https://techreport.com/crypto-news/lower-income-nations-drive-crypto-adoption-worldwide/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/1-s2.0-S104453231300033X-gr3.jpg BLOGGER - #GLOBAL

[formidablecompanynews]

Lower-Income Nations Drive Crypto Adoption Worldwide for Financial Stability - Journal Today Web https://www.merchant-business.com/lower-income-nations-drive-crypto-adoption-worldwide-for-financial-stability/?feed_id=197432&_unique_id=66e3471f42f49 #GLOBAL - BLOGGER BLOGGER Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide. Commanding the forefront is India, swiftly followed by Nigeria and Indonesia.Why? Because crypto addresses many financial issues individuals and businesses from less developed nations often face. It can boost their economic and purchasing power.7 CSAO Countries Lead Crypto AdoptionCSAO nations currently lead the world in crypto adoption, with 7 out of the top 20 nations being from the region. Closely following behind are the Philippines, Pakistan, Thailand, and Cambodia.A recent report stated that 40% of American adults now own crypto. However, the US ranks fourth on Chainalysis’ crypto adoption worldwide list, suggesting the number of Indian, Nigerian, and Indonesian crypto holders surpasses this percentage.  According to Chainalysis, the CSAO nations have a distinct pattern of crypto activity, mostly on local crypto exchanges, encompassing DeFi and merchant services.Crypto adoption worldwide increased across countries with varying income brackets. However, there has been a notable decline in use by high-income nations since the beginning of 2024.  A Safety Net for the Unbanked? Just last year, over 190M Indian individuals were unbanked. Interestingly, the nation’s fintech acceptance rate was 87%, which explains the nation’s crypto adoption. There are many reasons why lower-income countries might adopt crypto at a quicker pace than their wealthier counterparts:  Offers an alternative to conventional financial services that less-wealthy regions lack, enabling them to buy, sell, and receive payments Opens a quick and easy way to send and receive money worldwide. Countries with large migrant worker populations might find this useful  Enables them to explore DeFi, which allows them to access loans and savings without having to rely on TradFi services that often have stringent regulations (like KYC) in place  Helps reduce corruption issues because of the transparency of blockchain-based payments  Overrides inflation issues. For example, stablecoins (often pegged to the US dollar) might offer a more stable value than their local currency The US dollar is much stronger than the Indian rupee. It is ranked as the 12th-highest currency worldwide. The rupee is much lower on the list, placed 94th.An Indian buying a stablecoin pegged to the US dollar (like $USDT or $USDC) would shield them from currency fluctuations in their home country.Verdict – Crypto’s More Than an Investment InstrumentChainalysis’ report shows that lower-income nations are doing way more than just partaking in crypto investments – they’re running it. The CSAO countries’ crypto adoption is likely driven by their economies’ financial troubles and need for more financial empowerment. Crypto protects individuals and businesses against inflation, gives financial access to the unbanked, and enables anyone to send and receive payments worldwide transparently. References Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.Our Editorial ProcessThe Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers.

We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.“A recent Chainalysis crypto report spotlights an interesting trend: lower-income nations lead the charge in crypto adoption worldwide.  Why? Because crypto addresses many financial issues individuals and businesses from less……”Source Link: https://techreport.com/crypto-news/lower-income-nations-drive-crypto-adoption-worldwide/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/09/1-s2.0-S104453231300033X-gr3.jpg Chainalysis’ recent report shows that 7 Central and Southern Asian and Oceania (CSAO) countries are among the top 20 crypto adopters worldwide.  Lower-income nations (India, Nigeria, and Indonesia) are the largest crypto adopters worldwide.   Crypto offers transparent financial access to lower-income nations, enables them to hedge against inflation, and helps the unbanked.  A recent Chainalysis … Read More

[allthenewzworld]

India has once again emerged as the global leader in cryptocurrency adoption, according to a report from blockchain analytics firm Chainalysis, marking the second consecutive year at the top.

Despite India's strict regulations and high trading taxes, the country's citizens have shown resilience in embracing both centralized exchanges and decentralized finance assets.

This level of adoption, across various types of crypto, shows the determination of Indian investors, even as some restrictions are gradually being rolled back. With major players like Binance resuming operations after addressing regulatory concerns, the stage is set for even greater growth.

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