Crypto in India: 93% Want Rules! 🤯

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The dust settles on the plains of investment, and a wind blows-a wind of numbers and opinions. Mudrex, a name whispered amongst those chasing digital gold, went askin’ folks what they thought about this crypto business. Nine thousand souls, a cross-section of India, weighed in on regulation, taxes… the whole shebang. They called it “What India Thinks,” which is a fancy name for askin’ people what they think. Seems simple enough, right?

Turns out, 93% of ’em want somebody keepin’ an eye on things. Ninety-three percent! That’s a whole lotta folks sayin’, “Hey, maybe someone should know what’s goin’ on here.” Half of ‘em want a proper framework, you know, rules and protection, the whole nine yards. A quarter reckon a light touch would do, let innovation breathe. And 13%? They just want the taxman comin’, not botherin’ with anything else. Smart folks, those 13%. Sometimes you just gotta pay to play.

1/5 India is already the global leader in #crypto adoption 🌏

But beyond headlines, what do everyday investors really think?

We conducted one of the country’s largest surveys to capture investor voices, across age, income and profession, on:

⚖️ Regulation
📈 Behaviour & Trends…

Edul Patel, the head man at Mudrex, figured this all out, apparently. He says India’s already chasin’ the crypto dragon, got the folks, the hunger, and the size to make somethin’ happen. He says folks aren’t scared of rules, just the not knowin’ of ‘em. Seems reasonable. Like tryin’ to plant a crop without knowin’ the seasons. You’ll just end up with a lot of wilted hopes.

Taxes: The Real Thief

But hold your horses-the real teethin’ trouble isn’t the rules themselves, it’s the taxes. Eighty-four percent of folks think the current system is about as fair as a one-legged man in a kickin’ contest. Two-thirds say that 30% tax on gains is a straight-up deterrent. Strikes you as odd, don’t it? They wanna invest, but gotta give nearly a third of it away. You can’t offset losses, worried about scams, and a little bit nickeled and dimed with these little taxes too. It’s enough to make a man reconsider the whole affair, maybe go back to buryin’ somethin’ in the yard.

Nearly nine out of ten said they’d toss more money in if the government could just make up its mind. Fifty-five percent are itchin’ to do just that, and another 35% would be swayed by lower taxes. Seems like a simple enough proposition, doesn’t it? Let folks invest, and they will. Who knew?

Lookin’ Down the Road

Most folks ain’t lookin’ for a quick flip. Sixty-four percent reckon crypto is buildin’ somethin’ for the long haul. A few are just curious, huntin’ a fast profit, or lookin’ to shield their money from inflation. But a little over 4 % are still just…lookin’ around. Bless their hearts. Sometimes a man just needs a little time to figure things out.

Where the News Comes From

Folks are gettin’ the info from YouTube mostly, that’s 43%. News folks come in at 19%, friends and family 15%, and X at 14%. Feels a little sad, don’t it? Folks trustin’ strangers on the internet more than…well, anything else. And nearly 80% are sayin’ India’s late to the party. Time to catch up, they say. Or maybe just watch the party from the window.

It’s all comin’ down to clarity, fair taxes, and rules that make sense. India’s takin’ a step, tryin’ to find its place on the digital landscape. And those investors? They’re waitin’. Like a farmer waitin’ for the rain. Hopin’ for a good harvest, and not a flood.

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2025-09-10 10:03