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.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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 |
Did you know that diamonds travel across the world before reaching jewelry stores? These sparkling…
Did you know that millions of homes in India rely on LPG cylinders every day…
The WHO Foundation and Novo Nordisk have announced the collaboration and it is aimed at…
Did you know that some creatures in nature can produce electricity just like a battery?…
HDFC ERGO General Insurance has officially announced the appointment of Parthanil Ghosh as its new…
India has overtaken the China to become the largest exporter of cotton products to the…