India has the Highest Number of Crypto Owners in the world

Latest Updated on 28 February 2023
According to Tipalti, a Worldwide Partner System for Payment Automation, with 7.10 percent of its population owning crypto assets, India is now ranked 6th in the world in terms of cryptocurrency ownership.

According to Tipalti, China ranks top with 16.23% of its people owning cryptocurrency, despite the broad restriction on crypto services and transactions. At 13.38 percent, the US has the second-highest percentage of its Population that holds crypto assets, after only Singapore with 11.05 percent.

With a score of 10, Singapore has the Most Potential Digital Economy. While overall tech exports totaled $193.93 billion in the same year, it is the fifth largest integrated circuits exporter in the world, according to the research.

"With $942.31 billion in yearly IT exports, China is by far the leader. At 123.96 Mbps, Denmark has the highest median Internet speed of any nation in our study, it said.

Greece has the highest score on the National Cyber Security Index, while Indonesia has the highest proficiency in technical and Data Science Skills.

Canadian law prohibits algorithmic stablecoins

The Canadian Securities Commission has detailed new regulatory criteria for Cryptocurrency Businesses. Platforms for altcoins will now be subject to further inspection.

Cryptocurrencies known as "Stablecoins" are intended to retain a relatively "Stable" value, typically in relation to a typically non-volatile asset like fiat cash.

Stablecoins and other "Value Referenced Crypto Assets" can no longer be purchased or deposited on Crypto Asset Trading Platforms without the prior written approval of the Canadian Securities Administrators.

Getting approval involves satisfying the administrators' rigorous due diligence standards, which include verifying that the Stablecoin is fiat-backed, according to CSA, as stated by decrypt.

For the prevention of ambiguity, the CSA stated that it would not expect to give approval for a VRCA that is not completely supported by an appropriate reserve but instead maintains its value through an engine.

Revealed as a 24-year-old MIT and high school dropout who founded Blur

Once fans on Crypto Twitter started piecing things together, the creator of Blur, a cryptocurrency that topped trending charts over the past few weeks, revealed his name.

The co-founder of Blur, the non-fungible token exchange that has quickly overtaken OpenSea as the top NFT exchange by volume, is Tieshun Roquerre, also known as Pacman online.

Before deciding to quit high school, Roquerre, a 24-year-old software engineer, worked at the online store Teespring, according to decrypt.

During a two-year stay at the Massachusetts Institute of Technology, he co-founded StrongIntro. He then left MIT to found Namebase, a startup that works with crypto domains.

Based on trading volume, Blur now enjoys an 80.6 percent market share among NFT exchanges, while OpenSea accounts for roughly 14.5 percent.

Last Updated on 15 October 2021

According to BrokerChooser, India has the highest number of crypto owners in the whole world with 10.7 crores. The report released this year has presented the countries where the crypto owners are in high numbers. India has got the fifth spot and came out as one of the countries where the number of crypto owners is high as compared to other countries. Ukraine stood in first place with 12.73% of its total population being crypto owners. Russia with 11.91%, Kenya with 8.52%, and The US with 8.31% stand at second, third, and fourth spot respectively. 

Digital assets have become a medium for investment and after the increase in the value of cryptocurrencies in 2021, people have started investing in crypto. The. biggest cryptocurrency Bitcoin has gained more than 50% since the beginning of this year.