THELOGICALINDIAN - Ukraine Russia China South Africa Nigeria Kenya and the US are amid the topranking countries by cryptocurrency acceptance according to the 2024 Global Crypto Acceptance Index aggregate by blockchain abstracts analytics close Chainalysis
Countries With Highest Crypto Adoption
Chainalysis’ 2024 Global Crypto Acceptance Index, appear Tuesday, ranks 154 countries based on their cryptocurrency adoption. “The ambition of this metric is to rank anniversary country by absolute cryptocurrency activity, but weight the rankings to favor countries area that bulk is added cogent based on the abundance of the boilerplate being and amount of money about aural the country,” the close explained.
The crypto acceptance basis is fabricated up of four metrics, affected by “estimating absolute cryptocurrency accustomed by that country, and weighting the on-chain amount based on PPP per capita, which is a admeasurement of the country’s abundance per resident,” Chainalysis described. “The college the arrangement of on-chain amount accustomed to PPP per capita, the college the ranking, acceptation that if two countries had according cryptocurrency amount received, the country with the lower PPP per capita would rank ahead.” Noting that it will abide to abuse the alignment used, the close claims:
According to Chainalysis, Ukraine ranks first, followed by Russia, Venezuela, China, Kenya, the U.S., South Africa, Nigeria, Colombia, and Vietnam.
Of the 154 countries analyzed, alone 12 had “very little” crypto activities and are ranked the lowest, Chainalysis detailed, abacus that the countries are Afghanistan, Algeria, Cape Verde, Chad, Fiji, Laos, Libya, Mongolia, Tajikistan, Turkmenistan, West Bank and Gaza, and Zimbabwe.
Following Chainalysis’ baronial publication, the Ukrainian Ministry of Digital Transformation commented: “The bazaar of basic assets in Ukraine is absolutely developed and has a cogent about-face alike on a all-around scale, but best of it is concentrated in the adumbration zone, which creates abeyant risks for both the state, business and users.”
The admiral added that it “continues to actualize a acknowledged framework for acclimation the cryptocurrency bazaar in Ukraine and hopes that in September the abstract law on basic assets will be advised by the parliament.”
What do you anticipate about Chainalysis’ crypto acceptance ranking? Let us apperceive in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Chainalysis
