This is not to say that Indians do not want regulation. Over 75% of the respondents called for better know-your-customer rules to essentially make crypto transactions more legitimate.

But that’s not all that Indians want from cryptocurrencies.

An unusual messiah

The survey also showed that Indians concerned about the lack of jobs believe cryptocurrencies could create more of them. In 2019, India had recorded a 45-year-high unemployment rate.

It also appears that people prefer cryptocurrencies as investment options. This could signal a return of exchanges such as Zebpay, which had to move out of the country in the wake of the Reserve Bank of India order.

And while there may be an economic slump, over 50% of the respondents said smooth access to cryptocurrency could vastly benefit sectors like retail.

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