Influencers anticipate conducive regulatory environment for cryptocurrency in India

The proposed ban on private cryptocurrencies in India had triggered panic selling by investors in the last week of November. However, Twitter influencers and Redditors are of the opinion that India may not go for a blanket ban on cryptocurrency as apprehended by majority of the investors in the country, but keep a conducive and regulated environment, according to the Social Media Analytics Platform of GlobalData, a leading data and analytics company.

GlobalData’s Social Media Analytics Platform identifies and tracks the emerging trends, pain areas, new fields of innovation among discussions of Twitter influencers and Redditors.

Smitarani Tripathy, Influencer Analyst at GlobalData, comment, “Social media conversations around crypto in India context surged by 40% in the last week of November compared to the previous week, following the government’s decision to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the winter session of Parliament.”