- The American crypto analysis platform, Chainalysis, released the Global Crypto Adoption Index 2022.
- India stood at 4th place with an index score of 0.663, while it was ranked 2nd in the GCA Index 2021.
- The imposition of 1% TDS (Tax Deducted at Source) on the sale of crypto assets is being cited as the primary reason for the slump in the rankings.
- Vietnam was ranked first in crypto-currency adoption with an overall index score of 1.000.
- The USA stood at the 5th spot while Pakistan was at the number 6 position.
- Chainalysis is an American crypto analysis platform that was formed in 2014 with its headquarters in New York. The current Chief Product Officer of the company is Pratima Arora.
Question:
Q.1 What is India’s ranking in the Global Crypto Adoption Index 2022?a. 1
b. 2
c. 3
d. 4
