Do you like Crypto? So don’t move to these 10 countries
Crypto has seen an unprecedented rate of adoption in recent times, but not all parts of the country have been welcoming to this industry. Many governments have been resistant to adopting crypto, even when citizens have expressed their desire to be a part of it. So for all crypto lovers out there, as you look at the best countries to visit in terms of crypto adoption, here are the top 10 countries that have a lot of catching up to do.
Top 10 Anti-Crypto Countries
A new report has revealed the top 10 anti-crypto countries, ranking them out of a score of 10. The report came up with a list of countries with the most anti-crypto attitude. Some of these countries have outright banned cryptocurrencies, although citizens still invest in them.
First on the list was Saudi Arabia, with a score of 8.83 out of 10. In Saudi Arabia, buying cryptocurrency in banks is prohibited, and the Forexsuggest report also gave it a score of 0 on the Adoption Index.
Denmark was the second most anti-crypto country, with a score of 8.50. This is a country where there are no crypto ATMs and only around 1.39% of the entire population is said to own digital assets. Also scores a 0 on the Adoption Index.
Total market cap below $1 trillion | Source: Crypto Total Market Cap on TradingView.com
Iceland came third with a score of 8.30. Also, this country has no Bitcoin ATMs and scores a 0 on the Adoption Index. The country is also pushing back against crypto miners by cutting power to them during a lack of hydropower supply.
The next country on the list was Namibia. It is the only African country to appear on the list and also has the lowest interest of any country when it comes to digital assets. Its adoption index score is 0.02, and 1.59% of the population owns crypto.
Next was New Zealand. This country surprisingly has zero Bitcoin ATMs in the country with only 1.51% of the population owning cryptocurrencies. It scores 7.83 out of 10, making it the 5th most anti-crypto country in the world.
The last five countries on the list also have a score higher than 7, with less than 2 Bitcoin ATMs in the entire country. Interest in digital assets is also very low in these areas. They are Japan, Luxembourg, Bosnia and Herzegovina, Norway and Israel.
Featured image from The Wall Street Journal, chart from TradingView.com
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