More than 15 million Indians are now buying and selling digital coins - compared to 23 million in the US and 2.3 million in the UK. The cryptocurrency aficionados’ mantra that Bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal. "I’d rather put my money in crypto than gold," Sood said. That’s catching up with the 23 million traders of these assets in the US and compares with just 2.3 million in the UK. Last year, the Supreme Court quashed a 2018 rule banning crypto trading by banking entities, resulting in a trading surge.

Source: News 24 June 28, 2021 14:26 UTC