The Crypto ecosystem is growing worldwide and it is good because this is a new asset class which is getting more attention across the world but there are few countries that are doing fantastic in terms of the Crypto adoption. India is one of the countries where the adoption for the Crypto is going significantly high and this is happening even when the regulation for the Crypto is not there and the current taxation is really very bad for the Crypto industry in the country.
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Despite all these hurdles the user ways is growing significantly in the India suggest image in how things are going to be when there is a favourable atmosphere created by the government and reasonable tax system is there. Some other country is also doing great and UAE is surely one of them because that is the country where the cripto ecosystem is increased by the government and that is why lord of Crypto companies are moving their because they are getting the opportunity to grow the business and build innovations in the ecosystem.
India secures the top spot in the Global Crypto Adoption Index for the third consecutive year, showing strong retail and institutional growth.
As per the news update India is one of the countries as have no that tops the adoption for the Crypto in the recent time and I feel happy to see these type of new is coming from the some of the countries but I believe that this is just beginning and best of it is yet to come.
There have be multiple discussion in the past and it was anticipated that India will beating regulation for the Crypto in country which will help this new asset class to grow for there and these days because of these regulations that are not in place many unethical things are also happening in the country bus but hopefully once we have regulation in place then India is going to set an example to is going to be reading asset class and that's how we can think of it as it now.
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