India 7th largest nation poised to adopt crypto by 2023, US second | Check the top 10 list
Amidst Union Finance Minister Nirmala Sitharaman discussing global debt vulnerabilities and cryptocurrency assets on the sidelines of the G20 finance chiefs meeting, a new report has emerged on countries willing to adopt and legalize the currency to increase its availability.
Amidst Union Finance Minister Nirmala Sitharaman discussing global debt vulnerabilities and cryptocurrency assets on the sidelines of the G20 finance chiefs meeting, a new report has emerged on countries willing to adopt and legalize the currency to increase its availability.
In accordance HedgewithCrypto research, Australia is the largest country when it comes to cryptocurrency usage in 2023 with a score of 7.37 out of 10. Selling cryptocurrency and other digital assets is legal and regulated in Australia. India emerged as the seventh largest nation poised to adopt crypto in 2023.
In accordance HedgewithCrypto research, Australia is the largest country when it comes to cryptocurrency usage in 2023 with a score of 7.37 out of 10. Selling cryptocurrency and other digital assets is legal and regulated in Australia. India emerged as the seventh largest nation poised to adopt crypto in 2023.
Following this, the US ranks as the second largest country in crypto adoption with a score of 7.07 out of 10. Currently, there are 33,630 crypto ATMs across the country.
Following this, the US ranks as the second largest country in crypto adoption with a score of 7.07 out of 10. Currently, there are 33,630 crypto ATMs across the country.
In terms of ranking, Brazil comes in 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.
In terms of ranking, Brazil comes in 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 are 10 countries ready for crypto adoption:
Here are 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 |
