The newly released Global Crypto Adoption Index for 2022 by blockchain intelligence firm Chainalysis contains several surprises, with perhaps the most notable being that China remains a top 10 country for crypto adoption despite a ban on nearly all-things crypto.
The data shows that China’s position is especially strong when it comes to use of centralized services, the report that accompanied the index said. It noted that this means the Chinese ban has “either been ineffective or loosely enforced.”
China’s position as number 10 on the list of countries with the highest levels of crypto adoption places it ahead of countries such as Turkey, Argentina, and the UK. Turkey and Argentina are both countries where residents have turned to crypto as their countries struggles with extremely high inflation, while the UK is one of the largest and most important economies in Europe.
South East Asia leads in adoption
Meanwhile, the top two spots on the list were taken by Vietnam and the...
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