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Which Country becomes the 7th largest country ready to adopt crypto in 2023?
A)
Singapore
B)
Canada
C)
Brazil
D)
India

Correct Answer :   India


* 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

Published On : February 25, 2023
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