China is back among the countries with the highest level of bitcoin and cryptocurrency adoption in the world.
The findings come from a new Chainalysis report that details the adoption levels of bitcoin and cryptocurrencies per country.
Vietnam leads the world in overall adoption, while India has the highest number of centralized purchases.
Blockchain analytics firm Chainalysis has released its 2022 Global Cryptocurrency Adoption Index detailing global usage of bitcoin and cryptocurrencies with a unique ranking formula.
The report’s most staggering bits of information show that, despite last year’s ban, China has returned to rank among the top 10 countries in the world for adoption. Additionally, Vietnam is still ranked first and the U.S. has risen to fifth when it was previously ranked eighth in 2021.
However, when one looks at this report it becomes far more interesting after realizing how Chainalysis ranks adoption. Five separate indexes cumulatively provide the overall index...
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