Despite regulatory uncertainty, Indian crypto investment surges 19,900% in one year

Cointelegraph

Published Jun 28, 2021 12:14AM ET

Updated Jun 28, 2021 02:00AM ET

Despite India’s uncertain regulatory climate regarding crypto assets, nationwide investments in digital assets have increased by roughly 19,900% over the past year.

According to data from blockchain analytics firm Chanalysis that was reported by Bloomberg on June 28, crypto investments increased during mid-2020 before going parabolic as the markets surged into new all-time highs towards the end of the fourth quarter.

Monthly value of fiat invested into crypto by Indians: Chainalysis

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