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  • 7.3% Of Indians Owned Digital Currency In 2021, 7th Highest In World, Says UN
  • August 12,2022  13:19
  • According to the UN, over 7% of India's population owned digital currency in 2021, ranking seventh in the list of top 20 global economies for digital currency ownership as share of population. The use of cryptocurrency rose globally at an unprecedented rate during the COVID-19 pandemic. According to the UN trade and development organization UNCTAD, in 2021, 15 of the top 20 economies in terms of the percentage of the population that owns cryptocurrencies were developing countries. Ukraine topped the list with 12.7%, followed by Russia with 11.9%, Venezuela with 10.3%, Singapore with 9.4%, Kenya with 8.5%, and the US with 8.3%.The UNCTAD stated that while some people have benefited from these private digital currencies and they have made remittances easier, they are an unstable financial asset that also carries social risks and costs. The monetary sovereignty of nations may be at risk if cryptocurrencies take off as a common form of payment and even informally displace national currencies (a process known as cryptoisation).

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SMC Global Securities Ltd | CIN : L74899DL1994PLC063609 | Registered Office: 11/6B, Shanti Chamber, Pusa Road, Delhi-110005. | Tel +91-11-30111000 | Compliance Officer: Mr. Ashok Kumar Aggarwal | Tel 011-30111000 Extn. 170 | Email:-aka@smcindiaonline.com| Customer Care Email –smc.care@smcindiaonline.com| Complaint Email –igc@smcindiaonline.com| website: www.smctradeonline.com

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ATTENTION INVESTORS
"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
 3. Pay minimum 20% upfront margin of the transaction value to trade in cash market segment.
 4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors"
Prevent Unauthorized Transactions in your demat/trading account --> Update your Mobile Number/email ID with your stock broker/Depository Participant. Receive information of your transactions directly from Exchanges on your mobile/email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/CDSL on the same day. - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
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