TNPSC Thervupettagam

2023 Global Crypto Adoption Index

September 18 , 2023 278 days 1069 0
  • India has achieved the top rank among 154 nations in grassroots crypto adoption.
  • It is displaying remarkable resilience in the face of challenging regulatory conditions.
  • This marks a significant comeback from last year.
  • India had dropped to the fourth spot in Chainalysis’ 2022 adoption index.
  • Nigeria, Vietnam, the United States and Ukraine have completed the top 5 in the rankings.
  • The report highlights a recovery in grassroots cryptocurrency adoption, primarily in lower-middle-income (LMI) countries, following the FTX implosion of 2022.
  • Grassroots crypto adoption reflects about the widespread acceptance and the utilization of crypto in daily life.

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