According to a recent study by the United Nations Trade and Development Body (UNCTAD), over 7% of India’s population owned Digital Currency in 2021.
- India was ranked seventh in the list of top 20 global economies for digital currency ownership as share of population.
- Developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies.
- Ukraine topped the list which is followed by Russia, Venezuela, Singapore, Kenya, and the US.
- Global use of cryptocurrencies has increased exponentially during the Covid-19 pandemic, including in developing countries.