India ranked 7th biggest nation ready to adopt crypto in 2023

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.

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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