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Small towns in India embrace cryptocurrency despite significant taxes

Cryptocurrency popularity in small towns: Small towns like Botad, Barbaka, and Jalandhar are actively investing in cryptocurrencies, especially Bitcoin and Dogecoin. Despite a 30% capital gains tax, interest in cryptocurrencies remains HIGH, with MEME coins representing 13% of total investments.

Young investors drive the trend: Individuals under 35 are at the forefront of India’s cryptocurrency Movement. The evolving regulatory landscape, including the Cryptocurrency and Regulation of Official Digital Currency Bill, has failed to dampen enthusiasm, reflecting a cultural shift toward digital finance.

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