Lack of Knowledge Holds Back Crypto Adoption in India

Indian investors are turning to more familiar investments like SIPs and mutual funds due to their comfort level with them. According to Edul Patel, co-founder of Mudrex, a lack of knowledge about crypto is holding back adoption in India.

Crypto tax rules and compliance issues are major concerns for Indian investors who feel overwhelmed by the complexity of digital assets. This has led many to choose easily accessible investment options like SIPs and mutual funds instead.

The co-founder of Mudrex believes that Indians do not want crypto exposure, but rather lack understanding of how it works, leading them to feel uncertain about owning or trading digital assets.