CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What is the rank of India in estimated Crypto Gains in 2021?

A	12
B	41
C	21
D	32

Explanation:

Detailed explanation-1: -Abhishek Mishra. India ranked 21st in Chainalysis 2021 Cryptocurrency Gains by Country.

Detailed explanation-2: -In what appears to be the result of heavy taxation on cryptocurrencies and regulatory uncertainty, India slid two places to the fourth rank on the Global Crypto Adoption Index released by Chainalysis. Trailing Vietnam, Philippines and Ukraine, India scored 0.663 on the overall index score.

Detailed explanation-3: -This isn’t the first time Vietnam has emerged as the most dominant nation in terms of crypto adoption. In fact, Vietnam also captured the top spot in Chainalysis’ 2021 Global Crypto Adoption Index.

Detailed explanation-4: -Currently, cryptocurrencies are not regulated in India. There are no regulations to ban people from dealing in or mining cryptocurrency.

There is 1 question to complete.