It certainly comes as no surprise that cryptocurrency-related job offerings have been on a steady increase. A global job portal Indeed brings the most recent information from India, where a record growth in such offerings has been reported in the recent years, The Economic Times confirms.
The report compiled data from April of 2020, which coincides with the start of the global Covid-19 pandemic, all the way through to April 2022. The crypto offerings recorded a massive rise of 804%.
The sudden growth is said to have been caused by the need to automate technology for everyday use during the almost two-year-long quarantine. Therefore, the demand for technical experts, which also included blockchain technology, has rapidly increased.
Further data confirms that crypto was playing a much more significant role in all the hires in the technological sector, rising from 41.22% of overall offerings in 2019 - 2020 to 67.48% in 2021 -2022.
Sashi Kumar, Head of Sales for Indeed India, is not surprised by this recent development: "Being a technology first economy, Indian firms are rapidly investing in technologies that will put the country at the forefront of this new digital era."
India has currently been dealing with an enourmous 30% crypto tax, which has not been met with positive response from the population. Hopes arise that the ever-increasing demand in the sector will losen the strict regulations a little further down the road.