Amid the Union Finance Minister Nirmala Sitharaman discussed global debt vulnerabilities and cryptocurrency assets on the sidelines of the G20 finance chiefs meeting, a new report on countries willing to adopt and legalise the currency to increase its accessibility has arrived.
Amid the Union Finance Minister Nirmala Sitharaman discussed global debt vulnerabilities and cryptocurrency assets on the sidelines of the G20 finance chiefs meeting, a new report on countries willing to adopt and legalise the currency to increase its accessibility has arrived.
According to HedgewithCrypto research, Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10. The sale of cryptocurrency and other digital assets is legal and regulated in Australia. India emerged as 7th biggest nation ready to adopt crypto in 2023.
According to HedgewithCrypto research, Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10. The sale of cryptocurrency and other digital assets is legal and regulated in Australia. India emerged as 7th biggest nation ready to adopt crypto in 2023.
Following this, USA ranks as the second biggest country in crypto adoption with a score of 7.07 out of 10. Currently, there 33,630 crypto ATMs throughout the country.
Following this, USA ranks as the second biggest country in crypto adoption with a score of 7.07 out of 10. Currently, there 33,630 crypto ATMs throughout the country.
Ranking wise, Brazil comes third with a score of 6.81/10 and has seen a huge increase in average monthly searches for crypto of 355%. A new bill signed in December 2022 legalizes cryptocurrency throughout Brazil.
Ranking wise, Brazil comes third with a score of 6.81/10 and has seen a huge increase in average monthly searches for crypto of 355%. A new bill signed in December 2022 legalizes cryptocurrency throughout Brazil.
Here’s 10 countries ready for crypto adoption:
Here’s 10 countries ready for crypto adoption:
| Rank | Country | Crypto adoption rate (%) | Crypto ATMs | Increase in google searches since 2020 (%) | Crypto ready score out of 10 |
| 1 | Australia | 18 | 240 | 196 | 7.37 |
| 2 | USA | 16 | 33,639 | 166 | 7.07 |
| 3 | Brazil | 24 | 25 | 355 | 6.81 |
| 4 | United Arab Emirates | 34 | 6 | 261 | 6.41 |
| 5 | Hong Kong | 16 | 146 | 209 | 6.4 |
| 6 | Taiwan | 14 | 40 | 278 | 6.2 |
| 7 | India | 25 | 2 | 316 | 6.12 |
| 8 | Canada | 14 | 2,640 | 185 | 6.1 |
| 9 | Turkey | 40 | 14 | 123 | 6.07 |
| 10 | Singapore | 25 | 0 | 234 | 6.02 |
| Rank | Country | Crypto adoption rate (%) | Crypto ATMs | Increase in google searches since 2020 (%) | Crypto ready score out of 10 |
| 1 | Australia | 18 | 240 | 196 | 7.37 |
| 2 | USA | 16 | 33,639 | 166 | 7.07 |
| 3 | Brazil | 24 | 25 | 355 | 6.81 |
| 4 | United Arab Emirates | 34 | 6 | 261 | 6.41 |
| 5 | Hong Kong | 16 | 146 | 209 | 6.4 |
| 6 | Taiwan | 14 | 40 | 278 | 6.2 |
| 7 | India | 25 | 2 | 316 | 6.12 |
| 8 | Canada | 14 | 2,640 | 185 | 6.1 |
| 9 | Turkey | 40 | 14 | 123 | 6.07 |
| 10 | Singapore | 25 | 0 | 234 | 6.02 |
