* According to HedgewithCrypto research, India emerged as 7th biggest nation ready to adopt crypto in 2023.
* 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.
* 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.
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 |
Source : Mint