According to Chainalysis, the speed of cryptocurrency adoption in the USA lags behind Russia and China

According to the latest data published by Chainalysis, the level of cryptocurrency adoption in the US is far behind Russia and China. The Global Crypto Adoption Index 2020 lists countries according to their policies and rules for accepting cryptocurrencies. Surprisingly, Ukraine took the first place in the rating, and Russia takes the second

Crypto integration in the USA lags behind Russia and China

The Chainalysis index highlights that the growth of crypts in different sectors is mostly heterogeneous. In China, things are bad in terms of P2P trade, due to the country’s large population. Nevertheless, China leads the ranking in terms of retail trade and total cost in the network.

Surprisingly, Kenya and Venezuela top the P2P exchange volume index, but fail on other important indicators. Developing countries are mostly leading the way in P2P transactions, as powers such as the USA have implied strict regulation regarding transactions.

Not only is the level of cryptocurrency adoption in the US lagging behind Russia and China, but other European countries are also not in the top ten.

Venezuela is far ahead in the race when it comes to politics and crypto regulations. The Republic is facing an economic disaster, and the crypts are becoming a lifeline for its citizens.

Official website: bit.team

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

$PUSS to have first DAO vote

Our dear followers @meta1coin is here for you ❤️ please let us know if you need more details 😘

DeFIL Global Super Node Recruitment Plan

Pantera Capital and Alameda Research Invest in Balancer to Accelerate Growth of Programmable…

What is Margin Trading? | BIBO Academy

VALUES

DDEX on Hydro — Upgrade FAQ

Decoding Remittance — Present and the Future

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Bit Team

Bit Team

Official website: bit.team

More from Medium

Proof of Interest: MatchMe.NFT

So what is up with the ZK-rollups?

VARC Revolution on the Market

How to use Blockchain in the Metaverse