A study by Crypto Head points out that the United States, Cyprus and Singapore are the best prepared jurisdictions in the world to address the mass adoption of cryptocurrencies.
The growth and rise of the cryptocurrencies, The growth in cryptocurrencies and digital assets has been impressive in recent years all over the world. Thousands of people are increasingly interested in learning about and investing in cryptocurrencies and digital assets, but not all countries have infrastructures that favor crypto adoption by their citizens.
To find out which countries are best prepared for the widespread adoption of cryptocurrencies and which will promote and drive the crypto revolution, the data and analysis firm Crypto Head applied a global study called Crypto-Ready Index. The results of the study show that the United States, Cyprus and Singapore are nations that, due to their infrastructure, represent great opportunities for the adoption and investment in cryptocurrencies, awakening the interest of their residents in this new class of assets.
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United States, more than 17.000 cryptocurrency ATMs
According to Crypto Head, the United States is the country that tops the list among the most prepared for the mass adoption of cryptocurrencies. Firstly, the North American nation, and the world's leading power, has a total of 17.436 cryptocurrency ATMs installed in its territoryTaking this number into account, the United States is by far the country with the largest number of these ATMs. According to Crypto Head data, the second country with the largest number of cryptocurrency ATMs is Canada, with 1.464 units.
“In terms of cryptocurrency ATMs, the US leads the way with over 17.000 (units), which is by far the most in the world.”
On the other hand, the United States allows citizens to maintain ownership of cryptocurrencies, in addition to their use through banks thanks to legislation implemented by the OCC last year. The financial regulator approved a bill authorizing banks to offer custody services for crypto assets, including stablecoins. According to the firm, this legislation has increased citizens' search interest in digital assets by 140% in the last year.
However, it is important to note that the country still does not have clear regulation regarding the crypto industry, which has caused a certain degree of uncertainty among the population and the cryptocurrency companies operating from it. US regulators and legislators are working on formulating new laws that favor the responsible development of cryptocurrencies, although some of these regulators maintain a fragmented opinion on the matter. On the other hand, many of the regional and local leaders, such as the governor of Wyoming and mayor of Miami, have been promoting cryptocurrencies and digital assets in their territories.
Based on these results, and the level of access to cryptocurrencies that the United States offers its citizens, Crypto Head gives this nation a score of 7,13 / 10, making it number one on its list.
Cyprus, the highest level of interest in cryptocurrencies
According to data from Crypto Head, almost 34% of its population showed interest in investing in cryptocurrencies. The firm notes that 33.941 people out of every 100.000 residing on the island searched for terms directly related to cryptocurrencies in the past year, earning Cyprus the second spot on their list as the region with the highest level of interest in cryptocurrencies of any country in the world.
In addition to this, the Mediterranean island has favorable legislation that also allows its citizens to use and maintain ownership of cryptocurrencies and digital assets within the territory. In the past year, search interest in cryptocurrencies in this region increased by 139,6%, the analysis firm indicated.
On the other hand, the island does not have any cryptocurrency ATMs, according to the firm's data. Still, it received a score of 6,47/10 from Crypto Head.
Singapore, Asia's crypto leader
With a score of 6,3/10, Singapore becomes the third country in the world best prepared to deal with the mass adoption of cryptocurrencies by its citizens. Crypto Head notes that the Asian nation has 1 cryptocurrency ATM for every 28 square miles, ensuring easy access to these digital assets.
Singapore saw its citizens' interest in cryptocurrencies grow by more than 110% in the last year. In addition, as the firm points out, the country has legislation that favors the ownership and use of cryptocurrencies and digital assets. According to the data, 30.000 out of every 100.000 citizens searched for terms related to cryptocurrencies in the last year.
Cryptocurrencies in other countries of the world
The administrative autonomous region of China, Hong Kong, United Kingdom e Ireland continue to make the Crypto Head Crypto-Ready Index list as the countries that are most prepared for widespread adoption of cryptocurrencies by their citizens.
FSource: Crypto Head
On the list, Canada y Australia are shown to be the Top 10 countries with the greatest interest in cryptocurrencies. Spain Spain is ranked 44th, with 56,4% of its citizens interested in cryptocurrencies in the last year, although in terms of cryptocurrency ATMs, Spain ranks 5th on the list with a total of 138 ATMs installed in its territory, surpassing Hong Kong.
Crypto Head's findings are based on a study conducted in 200 countries around the world. The cryptocurrencies of greatest interest were: Bitcoin (BTC) y Dogecoin (DOGE).
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