Assets, Bitcoin

Who Owns Bitcoin in India?

When it comes to Bitcoin, India is in a bit of a quandary. On one hand, the Indian government has been very critical of cryptocurrency.

They’ve even gone so far as to call it a Ponzi scheme and have warned the public against investing in it. On the other hand, there are a growing number of businesses and investors in India who are interested in Bitcoin. So who really owns Bitcoin in India?.

The truth is, it’s hard to say. There is no central authority on Bitcoin in India, so it’s tough to track down who owns how much.

There are also no regulations governing Bitcoin in India, so there’s no way to know for sure if people are investing legally or not.

That said, there are some estimates out there on who owns Bitcoin in India. One website,, estimates that there are about 1.

NOTE: WARNING: As of April 2021, Bitcoin is not considered legal tender in India. Additionally, there is currently no regulatory framework for Bitcoin exchanges or wallets in the country. As such, anyone considering buying or owning Bitcoin in India should be aware that they do so at their own risk. The legality of trading and owning Bitcoin in India may change at any time and without notice.

3 million people in India who own Bitcoin. That number is based on the number of people who have registered with exchanges like Zebpay and Unocoin.

Another website, CoinSutra, estimates that there are about 2-5 million people in India who own Bitcoin. This estimate is based on the number of people who have signed up for wallets with companies like Bitpay and Blockchain.


So what does all this mean? It’s hard to say for sure, but it seems safe to say that there is a growing number of people in India who own Bitcoin. The Indian government’s stance on cryptocurrency may be discouraging some people from investing, but it doesn’t seem to be stopping everyone.

Only time will tell how big the Bitcoin community in India will become.

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