Highlight the most crypto-friendly countries in the world:

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As cryptocurrencies continue to gain wide acceptance, many countries around the world are investing in the crypto revolution, thus boosting global adoption.

Given this trend, a number of counties are vying for the status of the lead dog in terms of crypto trading and investment opportunities. To find out which regions of the world are accelerating, Crypto Head, a cryptocurrency analysis, advisory and information company, recently took a deep dive into its data, analyzing metrics like the number of crypto ATMs in a country as well as than their accessibility to the general population.

They also looked at the government’s legal position on the ownership of cryptocurrencies as well as where they can be used in banks. Finally, an evaluation of online research was carried out to determine the level of interest in cryptocurrencies in various countries.

Finally, interest in cryptocurrencies is what drives them, and therefore the number of online searches and their increase over the past year is a good indicator of the growing interest in each country.

You can find a full results roadmap HERE:

Please Note: Research data is between May 2020 and April 2021. In the case of zero crypto ATMs, People Per Crypto ATM is the entire population of the country. The legislation score is out of two, with one point awarded if the cryptocurrency is allowed to be held, and another if it was allowed to be used in banks.

The top 3 countries most ready for crypto

1 – United States: score of 7.13 / 10 ready for crypto

The United States is the most ready to adopt cryptocurrencies with a total score of 7.13 / 10. It has the most crypto ATMs with over 17,000 – the next closest, Canada, has almost 16,000 fewer. The law allows crypto ownership and use in banks, and there were 14,796 Google searches for crypto per 100,000 people between May 2020 and April 2021, which is a 140% increase over the same period. the previous year.

2 – Cyprus: 6.47 / 10 score ready for crypto

Potentially surprising to some, Cyprus ranks second with 6.47 / 10, as 33,941 people per 100,000 people searched for cryptocurrencies between May 2020 and April 2021 alone. This level of interest is the highest of any country in the world and represents an increase of 139.6% over the previous year. Although there is no ATMS crypto, Cyprus allows the ownership and use of cryptocurrencies in banks, which raises its readiness level in the rankings.

3 – Singapore: score of 6.3 / 10 ready for crypto

As the world’s financial center, Singapore scored 6.3 / 10 for a total of 31,324 crypto searches per 100,000 population, which is the second highest number of countries analyzed. The law also allows the possession and use of cryptocurrencies and there are 10 crypto ATMs in Singapore, but because it is such a small country, that equates to one every 28 square miles, which is one of the highest concentrations of any country.

There were a number of other key findings from the study:

Hong Kong has the highest concentration of crypto ATMs in the world, averaging one for every three square miles – although Hong Kong is only 429 square miles in total.

The United States has the most crypto ATMs per capita at one for every 19,023 people, followed by Canada and the United Kingdom.

Although ownership of cryptocurrencies is allowed in Canada, it cannot be used in banks and is the only country in the top 10 that does not achieve a full legislative score.

Cyprus is the only country that does not have a single top 10 crypto ATM.

Although Romania ranks 33rd, it has seen the biggest increase in crypto searches, from 34,200 to 147,500 between 2019 and 2020, an increase of 331%.

Adam Morris, co-founder of Crypto Head, in a press release observed:

“Some interesting findings from our Crypto Ready Index include the recent increase in interest in cryptocurrency from tax havens like Cyprus, Gibraltar and the Cayman Islands. Our study found that these locations are among the top four countries that researched crypto between 2020/2021. “

“Our research also found that the United States is the most consumer-ready cryptocurrency, even though the government has been slow with regulatory clarity over the past few years, which has actually led most crypto activities abroad. “

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