More than half of the people surveyed in India are against legalizing crypto currencies, according to an opinion poll published on Wednesday, just as the government proposed a law to regulate their use and to create an official digital coin.
New Delhi: More than half of the people surveyed in India are against legalizing crypto currencies, according to an opinion poll published on Wednesday, just as the government proposed a law to regulate their use and to create an official digital coin.
The survey showed 54% don’t want the government to legalize crypto currencies but instead to tax them like a digital asset held in a foreign country, pollster Local Circles said. These findings were based on a survey of 56,000 people in the last 15 days.
Only 26% of those polled said crypto currencies should be legalized and then taxed in India while the remaining 20% didn’t have a view, it said.
News of the government preparing a bill to regulate digital coins had sparked a sell-off on exchanges popular with Indian investors on Wednesday. While the contents of the bill haven’t been finalized, a proposal to prohibit all private crypto currencies in India has been included.
