You are here: Home » Markets » Cryptocurrency » Bitcoins
Floating rate funds can cushion interest rate volatility: Rahul Goswami
icon-arrow-left
Business Standard

Don't ban their Bitcoin: India's millennials pull crypto out of the shadows

Industry gains confidence that policy makers have been persuaded of benefits to the economy from blockchain-based innovation.

Topics
Bitcoin | crypto trading

Andy Mukherjee | Bloomberg Opinion 



Cryptocurrency, bitcoin, ripple
Fears of being outlawed have swirled since last year’s court order that gave the dying industry new life. But that risk is now receding

In hundreds of India’s small cities and towns, a generation that has hardly had any experience with stocks and bonds is heading straight for Bitcoin, Ethereum, Cardano and Solana. The average age of the 11 million users of CoinSwitch Kuber, a cryptocurrency trading app that didn’t exist 18 months ago, is 25, and 55% of them are from outside large metropolises like New Delhi or Mumbai.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, October 18 2021. 05:58 IST

RECOMMENDED FOR YOU

.