Binance CEO Richard Teng highlighted today that India’s young and tech-savvy population is driving rapid crypto adoption across the country. Speaking to CNBC, Teng emphasized India’s role as a “very important market” in the global digital asset ecosystem.
India’s youth demographic and growing digital literacy have pushed the country among the top nations in the Chainalysis Global Crypto Adoption Index. Teng noted that countries with similar tech-native populations often experience faster adoption rates, creating fertile ground for both retail and institutional crypto engagement. He also mentioned that increasing smartphone penetration and mobile internet access are accelerating adoption even further.
Teng also stressed the importance of clear and smart regulation, citing Binance’s work with authorities in 22 jurisdictions. He believes that legal clarity on crypto trading, custody, and stablecoins will accelerate India’s integration into the global crypto market. Binance continues collaborating with policymakers to support regulatory frameworks while expanding its Indian operations.
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