Chainalysis Report: India Ranks Second in Global Transaction Volume Despite Tax Law Challenges

India has claimed the second-largest position in the global crypto market, surpassing the UK, Turkey, and Russia in raw transaction volume.
This achievement is notable given that it comes despite challenges posed by India's anti-crypto regulatory and tax environment, a recent report from blockchain intelligence firm Chainalysis said.
In the report, Chainalysis revealed that India leads the world in grassroots crypto adoption, as indicated by its Global Crypto Adoption Index....
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